📚 Learning Guide
Complementary Goods and Demand
easy

Which of the following pairs of goods are considered complementary goods?

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Learning Path
Learning Path

Question & Answer
1
Understand Question
2
Review Options
3
Learn Explanation
4
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Choose the Best Answer

A

Coffee and sugar

B

Cars and gasoline

C

Bread and butter

D

Shoes and socks

Understanding the Answer

Let's break down why this is correct

Answer

Complementary goods are products that are often used together, meaning that when the demand for one good increases, the demand for the other good also increases. A common example of complementary goods is coffee and sugar; many people like to add sugar to their coffee. If more people start drinking coffee, they will likely buy more sugar to go with it, showing how the two goods support each other's sales. This relationship happens because the use of one item enhances the experience of using the other. Understanding complementary goods helps businesses predict how changes in demand for one product can affect related products.

Detailed Explanation

Cars and gasoline are complementary goods. Other options are incorrect because Some people think coffee and sugar are complementary; Bread and butter seem like they go together, but you can eat bread alone.

Key Concepts

complementary goods
Topic

Complementary Goods and Demand

Difficulty

easy level question

Cognitive Level

understand

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