Asked by puyr
Sunscreen and beach towels are complementary goods. If the price of sunscreen increases, ceteris paribus, _____.(1 point)
the quantity demanded of beach towels will decrease for every possible price
the income of consumers will decrease
the income of consumers will increase
the quantity demanded of beach towels will increase for every possible price
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the quantity demanded of beach towels will decrease for every possible price
Explanation: As complements, a higher price for sunscreen reduces its purchases, which lowers demand for beach towels (a leftward shift in the demand curve).
Explanation: As complements, a higher price for sunscreen reduces its purchases, which lowers demand for beach towels (a leftward shift in the demand curve).
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