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AmosWEB How does the change in the price of a good affect its complement?An increase in the price of a good will decrease demand for its complement while a decrease in the price of a good will increase demand for its complement.
How does increase in price of complementary goods affect the demand of the goods?The prices of complementary or substitute goods also shift the demand curve. When the price of a good that complements a good decreases, then the quantity demanded of one increases and the demand for the other increases.
What happens when a compliments price increases?If two goods are complements, this means that a rise in the price of one commodity will induce a downward shift in demand for the other commodity. The prices of complementary or substitute goods also shift the demand curve.
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