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

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 2 years ago

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This question comes from the chapter of consumer behaviour in economics.

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

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Related Solutions

If we consider pretzels and beer to be complementary goods, then a decrease in the supply of beer (in the sense of a shift of the supply curve for beer to the left) should:

What are substitute and complementary goods? Explain with examples.

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