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If the demand for a good rises sharply, what is likely to occur with the demand for complementary good?

Respuesta :

Answer:

i think this is it

Explanation:

What Is Cross Elasticity of Demand?

The cross elasticity of demand is an economic concept that measures the responsiveness in the quantity demanded of one good when the price for another good changes. Also called cross-price elasticity of demand, this measurement is calculated by taking the percentage change in the quantity demanded of one good and dividing it by the percentage change in the price of the other good.

Answer:

For the choices I had on Ap3x it was "The demand for the complementary good will also rise."

Explanation:

If two products are complementary, an increase in demand for one is accompanied by an increase in the quantity demanded of the other. For example, an increase in demand for cars will lead to an increase in demand for fuel. If the price of the complement falls, the quantity demanded of the other good will increase.

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