Q291
If two goods are complements, this means that a rise in the price of one commodity will induce
A.
An upward shift in demand for the other commodity
B.
A rise in the price of the other commodity
C.
A downward shift in demand for the other commodity
AnswerD.
No shift in the demand for the other commodity
Answer: Option C
Solution
Answer: Option C
Solution:
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.