Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Coffee and tea
B
Printers and ink cartridges
C
Bread and butter
D
Cars and gasoline
Understanding the Answer
Let's break down why this is correct
Answer
In economics, complementary goods are products that are often used together, meaning that when the demand for one increases, the demand for the other also tends to increase. A classic example of complementary goods is peanut butter and jelly; if more people buy peanut butter, many will also buy jelly to enjoy with it. This relationship happens because these items enhance each other's use and experience. On the other hand, substitute goods are those that can replace each other, like butter and margarine, where an increase in the price of one might lead more people to buy the other instead. Understanding these relationships helps businesses and consumers make better choices based on how products interact with one another.
Detailed Explanation
Bread and butter are complements because they are often used together. Other options are incorrect because Many people think coffee and tea are complements because they are both drinks; Printers and ink cartridges seem like complements since you need ink for a printer.
Key Concepts
complements
Topic
Substitutes and Complements in Economics
Difficulty
easy level question
Cognitive Level
understand
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