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2. If the demand curve for product J shifts to the left as the price of product K increases, then J and K are complementary goods. True False
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27 votes
27 votes
2. If the demand curve for product J shifts to the left as the price of product K increases, then J and

K are complementary goods.

True
False

User Tony Tarng
by
2.5k points

1 Answer

26 votes
26 votes

Step-by-step explanation:

Although a change in price of a good or service typically causes a change in quantity supplied or a movement along the supply curve for that specific good or service, it does not cause the supply curve itself to shift.

User Cookya
by
3.0k points
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