Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Coffee and sugar
B
Pizza and ice cream
C
Cars and gasoline
D
Bread and butter
Understanding the Answer
Let's break down why this is correct
Answer
Complementary goods are products that are often used together, meaning that when you buy one, you are likely to buy the other as well. For example, consider peanut butter and jelly; if you buy peanut butter, you will probably want jelly to make a sandwich. This relationship is different from inferior goods, which are items that people buy less of as their income increases, like instant noodles. In the case of complementary goods, if the price of one good goes down, people are more likely to buy more of both goods. So, if peanut butter goes on sale, you might buy more peanut butter and also more jelly to enjoy with it.
Detailed Explanation
Cars and gasoline are complementary goods. Other options are incorrect because Some people think coffee and sugar are complementary because they are often used together; Pizza and ice cream might be eaten together, but they are not needed for each other.
Key Concepts
Complementary goods
Topic
Inferior and Complementary Goods
Difficulty
easy level question
Cognitive Level
understand
Ready to Master More Topics?
Join thousands of students using Seekh's interactive learning platform to excel in their studies with personalized practice and detailed explanations.