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Consider the market for film streaming services, TV sets, and movie tickets. For each pair, identify whether they are complements or substitutes:

a. Film streaming services and TV sets.
b. Film streaming services and movie tickets TV sets and movie tickets.
c. Suppose a technological advance reduces the cost of manufacturing TV sets.

1 Answer

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Answer:

a. Film streaming services and TV sets.

Complements

b. Film streaming services and movie tickets TV sets and movie tickets.

Substitutes

c. Suppose a technological advance reduces the cost of manufacturing TV sets.

Complements

Step-by-step explanation:

The above answers are true. In some situations, it is a complement because it support each other. For example, a streaming sites and a TV to watch the channels provided by the streaming sites. In other situation, it is a substitute.

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