We Say That Goods Are Complements When They

question 66

Multiple Choice

We say that goods are complements when they:

• A) serve similar-enough purposes that a consumer might purchase one in place of the other.
• B) are consumed together, so that purchasing one will make a consumer more likely to purchase the other.
• C) can replace something consumers typically purchase at a significantly lower price.
• D) change a consumer's preferences for a good or service.

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Definitions:

Euro

The Euro is the official currency of 19 out of the 27 European Union countries, which together make up the Eurozone.

U.S. Currency

The officially issued money by the United States, including coins and paper bills used as a medium of exchange.

U.S. Dollars

The official currency of the United States of America, symbolized by the $ sign.

Japanese Yen

The official currency of Japan, symbolized as ¥ and abbreviated as JPY.