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:

Team Player

Works cooperatively with a group of people.

Work Cooperatively

The act of working together with one or more individuals to achieve a common goal or complete a task.

Punctual

The characteristic of being on time or performing an action at the agreed or proper time.

Exact Agreement

A situation or condition whereby all parties involved have a unanimous understanding or concordance on a specific matter or in the details of an arrangement.