What Happens to the Demand for a Good If a Complement's

question 179

Multiple Choice

What happens to the demand for a good if a complement's price increases?

• A) The demand decreases and the demand curve shifts rightward.
• B) The demand increases and the demand curve shifts rightward.
• C) The demand decreases and the demand curve shifts leftward.
• D) The demand increases and the demand curve shifts leftward.
• E) There is no impact on demand for the good and the demand curve does not shift.

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Definitions:

Economic Force

External factors such as inflation, interest rates, and economic growth that can influence an organization's performance and strategic planning.

Cultural

Pertaining to the customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

Marketing Environment

Consists of external forces that affect a company's capability to operate effectively in providing products and services to its customers.

E-commerce Offering

Products or services sold online through a website or mobile app, facilitating convenient shopping for consumers.