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Q: What is a complementary good to oil?
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Related questions

Are cars complementary goods for oil?

yes.


What happens to the demand for the main good if the price of a complementary good increases?

If the price of a complementary good increases, the demand for the main good typically decreases.


What is the difference between a substitute good and a complementary good?

A substitute good is one that can be used in place of another good whereas a complementary good is one that is used together with another good.


What is the difference between a complementary good and a substitute good?

A complementary good is one that is typically used together with another good, while a substitute good is one that can be used in place of another good.


What kind of good is consumed together like peanut butter and jelly?

Complementary goods are consumed together.


Is wheat a complementary good or supplementary good of bread?

No they are not complementary goods. The two can be consumed separately without reducing the level of satisfaction to the consumer


If the price of a complementary good increases, how will it affect the demand for the main product?

If the price of a complementary good increases, the demand for the main product will decrease.


What is complementary goods?

Good that is used together with another good.


What is the relationship between a complementary good and the main product it is paired with?

A complementary good is a product that is typically used together with another product. The relationship between a complementary good and the main product it is paired with is that they are often purchased or consumed together because they enhance each other's value or utility. When the price of one product changes, it can impact the demand for the complementary good as well.


What is the definition of complementary goods and how do they relate to each other in the market?

Complementary goods are products that are used together or in conjunction with each other. They are often purchased and consumed together because they enhance the value or utility of each other. In the market, the demand for one complementary good is directly related to the demand for the other. When the price of one complementary good changes, it can impact the demand for the other complementary good.


What is a Complementary product?

A complementary good is one used in conjunction with another good or service.


How does the demand curve for complementary goods illustrate the relationship between the quantity demanded of one good and the quantity demanded of its complementary good?

The demand curve for complementary goods shows that when the price of one good decreases, the quantity demanded for that good increases, leading to an increase in the quantity demanded for its complementary good as well. This is because consumers are more likely to buy both goods together when the price of one decreases.