Complementary goods

From Conservapedia
This is an old revision of this page, as edited by Aschlafly (talk | contribs) at 22:52, February 17, 2007. It may differ significantly from current revision.
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

Complementary goods are commodities that depend on each other such that in increase in the price of one good causes a decrease in the demand for the related good. For example, an increase in the price of french toast could cause a decrease in the demand for maple syrup, because those two goods are often consumed together. An increase in the price of salad dressing could cause a decrease in demand for salad.

Complementary goods are the opposite of substitute goods.