contestada

If the price of a good's complement rises, _____ for the good whose price did not change will decrease.

Respuesta :

If the worth of a good's complement rises, Demand for the great whose price did not change will decrease.

What is demand explain?

Demand is that the quantity of consumers who are willing and able to buy products at various prices during a given period of time. Demand for any commodity implies the consumers' desire to accumulate the good, the willingness and skill to pay for it.

What is demand in the market?

Market demand is that the specific quantity of a product that consumers can afford and want to buy at the given price of that product or service. Market demand affects businesses and consumers alike by determining production and helping to guide competition within the marketplace.

What is the basic law of demand?

The law of demand may be a fundamental principle of economics that states that at a higher price, consumers will demand a lower quantity of an honest . Demand springs from the law of diminishing marginal utility, the very fact that consumers use economic goods to satisfy their most urgent needs first.

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