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...
Explain how the substitution effect and the income effect affect normal and inferior goods. Explain what "complement" and "substitutes" mean when talking about goods. Explain the substitution effect on the substitute goods and the complement goods. How do substitute ...