When the price of gas goes down and the demand for tires goes up, a likely possibility is that tires and gas are complements.
This choice is accurate since complementary commodities are those that exhibit a negative correlation between the demand for tires and petrol prices. It demonstrates that there is a negative cross-price elasticity of demand for these two items.
What are complementary commodities?
A good that complements another by adding value to it is called a complementary good. They are therefore two products that the consumer utilizes in tandem. When a complementary good is absolutely necessary, as with gasoline and an automobile, that situation arises.
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