1. why is wine and beer complementary goods? explain. 2. is spirit and wine complementary goods...

1. why is wine and beer complementary goods? explain.

2. is spirit and wine complementary goods or substitutes? explain

Solutions

Expert Solution

The complementary goods are those goods where the demand for other good will be directly proportionate to demand of the complementary good. That is why wine and beer are complementary goods

Spirit and wine are substitute goods because one can be use in place of another.

Rahul Sunny answered 1 year ago

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