We find that when commodities are substitute goods, fixing the disclosure cost, the relationship between competitiveness and the amount of disclosed information is non-monotonic. Furthermore, when commodities are complementary goods, increasing the degree of complementarity will lead to more information ...
Explain the difference between substitute and complementary goods. Define each one properly and then provide two real-world examples of each good. What is the difference between substitutes and complements? Indicate two goods that are substitutes for each other. Indicate two goods that...
Explain what is a complement good and a substitute good. Give an example of each. How do you tell if goods are complements or substitutes? Give examples and explain the difference between: (a) an inferior good and a normal good (b) substitute and complementary goods. ...
Complementary goods in economics are products that are associated with one another and can be used together. Complementary goods have a negative cross-price elasticity of demand. A complementary good example is any set of goods that complement each other. Hotdogs and ketchup are a great complementa...
PUBLIC AND PRIVATE INVESTMENTS IN GREECE: COMPLEMENTARY OR SUBSTITUTE `GOOD'? APERGIS N. Public and private investments in Greece:complementary or substitute"goods"[J].Bulletin of Economic Research,2000,(03):225-334... Apergis,Nicholas - 《Bulletin of Economic Research》 被引量: 34发表: 2000...
Final Take: Substitute Products are Good for Consumers The benefit of substitute products is that they provide consumers with variety when choosing goods to satisfy their needs. On the other hand, companies will incur more costs to develop competitive offerings and promote them as the best in the...
aIt is strange that dolphins are friendly to men, and for thousands of years, there are many stories about dolphins and men. In the 19th century, in a dangerous part of the sea near New Zealand, there was a dolphin. The seamen liked him very much and gave him a very good name, Jack...
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Apergis, N., "Public and Private Investments in Greece: Complementary or Substitute `Goods'?", Bulletin of Economic Research, 52(3), 2000, pp. 225-234.Apergis, N., (2000), Public and private investments in Greece : complementary or substitute goods?, Bulletin of Economic Research, Vol....
2. A good's price elasticity of demand depends in part on how necessary What are the goods that have elastic and inelastic demand? The demand for a good is elastic if the price elasticity of demand is ___. ...