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- Complementary_good abstract "In economics, a complementary good or complement is a good with a negative cross elasticity of demand, in contrast to a substitute good. This means a good's demand is increased when the price of another good is decreased. Conversely, the demand for a good is decreased when the price of another good is increased. If goods A and B are complements, an increase in the price of A will result in a leftward movement along the demand curve of A and cause the demand curve for B to shift in; less of each good will be demanded. A decrease in price of A will result in a rightward movement along the demand curve of A and cause the demand curve B to shift outward; more of each good will be demanded. Basically this means that since the demand of one good is linked to the demand of another good, if a higher quantity is demanded of one good, a higher quantity will also be demanded of the other, and if a lower quantity is demanded of one good, a lower quantity will be demanded of the other. The prices of complementary goods are related in the same way: if the price of one good rises, so will the price of the other, and vice versa. With substitute goods, however, the price and quantity demanded of one good is related inversely to the price and quantity demanded of a substitute good, meaning that if the price or quantity demanded of one good rises, the price or quantity demanded of its substitute will fall.When two goods are complements, they experience joint demand. For example, the demand for razor blades may depend upon the number of razors in use; this is why razors have sometimes been sold as loss leaders, to increase demand for the associated blades.".
- Complementary_good thumbnail Cross_elasticity_of_demand_complements.svg?width=300.
- Complementary_good wikiPageID "591492".
- Complementary_good wikiPageLength "6256".
- Complementary_good wikiPageOutDegree "26".
- Complementary_good wikiPageRevisionID "671133150".
- Complementary_good wikiPageWikiLink Accountant.
- Complementary_good wikiPageWikiLink Category:Consumer_theory.
- Complementary_good wikiPageWikiLink Category:Goods.
- Complementary_good wikiPageWikiLink Category:Utility_function_types.
- Complementary_good wikiPageWikiLink Cross_elasticity_of_demand.
- Complementary_good wikiPageWikiLink Demand_curve.
- Complementary_good wikiPageWikiLink Economics.
- Complementary_good wikiPageWikiLink Good_(economics).
- Complementary_good wikiPageWikiLink Hot_dog.
- Complementary_good wikiPageWikiLink Hot_dog_bun.
- Complementary_good wikiPageWikiLink Indifference_curve.
- Complementary_good wikiPageWikiLink Loss_leader.
- Complementary_good wikiPageWikiLink Market_power.
- Complementary_good wikiPageWikiLink Marketing.
- Complementary_good wikiPageWikiLink Pricing_strategies.
- Complementary_good wikiPageWikiLink Substitute_good.
- Complementary_good wikiPageWikiLink Supply_and_demand.
- Complementary_good wikiPageWikiLink Switching_barriers.
- Complementary_good wikiPageWikiLink Switching_cost.
- Complementary_good wikiPageWikiLink Utility.
- Complementary_good wikiPageWikiLink Vendor_lock-in.
- Complementary_good wikiPageWikiLink File:Cross_elasticity_of_demand_complements.svg.
- Complementary_good wikiPageWikiLink File:Indifference-curves-perfect-complements.svg.
- Complementary_good wikiPageWikiLink File:Supply-and-demand.svg.
- Complementary_good wikiPageWikiLinkText "Complementarity".
- Complementary_good wikiPageWikiLinkText "Complementary good".
- Complementary_good wikiPageWikiLinkText "complement".
- Complementary_good wikiPageWikiLinkText "complementarity".
- Complementary_good wikiPageWikiLinkText "complementary good".
- Complementary_good wikiPageWikiLinkText "complementary goods and services".
- Complementary_good wikiPageWikiLinkText "complementary products".
- Complementary_good wikiPageWikiLinkText "complementary service".
- Complementary_good wikiPageWikiLinkText "complementary".
- Complementary_good wikiPageWikiLinkText "complements".
- Complementary_good wikiPageWikiLinkText "gross complements".
- Complementary_good hasPhotoCollection Complementary_good.
- Complementary_good wikiPageUsesTemplate Template:Cleanup.
- Complementary_good wikiPageUsesTemplate Template:Goodtypes.
- Complementary_good wikiPageUsesTemplate Template:Mergefrom.
- Complementary_good wikiPageUsesTemplate Template:Reflist.
- Complementary_good subject Category:Consumer_theory.
- Complementary_good subject Category:Goods.
- Complementary_good subject Category:Utility_function_types.
- Complementary_good hypernym Good.
- Complementary_good type Article.
- Complementary_good type School.
- Complementary_good type Article.
- Complementary_good type Good.
- Complementary_good type Microeconomic.
- Complementary_good type Object.
- Complementary_good type Page.
- Complementary_good type Theory.
- Complementary_good comment "In economics, a complementary good or complement is a good with a negative cross elasticity of demand, in contrast to a substitute good. This means a good's demand is increased when the price of another good is decreased. Conversely, the demand for a good is decreased when the price of another good is increased.".
- Complementary_good label "Complementary good".
- Complementary_good sameAs Komplement_(mikroekonomie).
- Complementary_good sameAs Komplementärgut.
- Complementary_good sameAs Bien_complementario.
- Complementary_good sameAs کالای_مکمل.
- Complementary_good sameAs מוצר_משלים.
- Complementary_good sameAs 補完財.
- Complementary_good sameAs შემავსებელი_საქონელი.
- Complementary_good sameAs 보완재.
- Complementary_good sameAs Komplementarūs_produktai.
- Complementary_good sameAs Complementair_goed.
- Complementary_good sameAs Komplementære_varer.
- Complementary_good sameAs Dobra_komplementarne.
- Complementary_good sameAs Bem_complementar.
- Complementary_good sameAs m.02t5c9.
- Complementary_good sameAs Комплементарные_блага.
- Complementary_good sameAs Complementary_good.
- Complementary_good sameAs இணைப்புப்_பண்டம்.
- Complementary_good sameAs สินค้าใช้ร่วมกัน.
- Complementary_good sameAs Комплементарність_(економіка).
- Complementary_good sameAs Q1049496.
- Complementary_good sameAs Q1049496.
- Complementary_good sameAs 互补品.
- Complementary_good wasDerivedFrom Complementary_good?oldid=671133150.
- Complementary_good depiction Cross_elasticity_of_demand_complements.svg.
- Complementary_good isPrimaryTopicOf Complementary_good.