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Complementary Goods

Published on Nov 19, 2015

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PRESENTATION OUTLINE

1.

COMPLEMENTS

AARON, PATRICK, JACOB, COLE
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2.

A complementary good is a good whos use is related to the use of a paired good.

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3.

If the price of one product goes up, the quantity demanded of the other product will go down

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4.



Complements are negative because the % change in quantity is less than the % change in the price

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5.

COMPLEMENTARY GOODS

  • DVD Players + Discs
  • Tennis Balls + Tennis Rackets
  • Cell Phones + Cell Phone Service
  • Iphone + Apps
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Aaron Nagy