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When the Price of Chiken Increases Consumers Purchase Less the Thus, the Eera Chicken and the Are Complements Eera Chicken and the Are

Problemas

When the price of chiken increases consumers purchase less the Thus, the Eera chicken and the are complements Eera chicken and the are substitutes Eera chicken and the are complements Eera chicken and the are substitutes

Roztwór

Cecilia veterano · Tutor durante 11 años
Weryfikacja ekspertów
3.8 (210 Votos)

Respuesta

Chicken and rice are complements.

Explicación

## Step 1The problem is about the relationship between the price of chicken and the demand for rice. The term "complement" in economics refers to goods that are consumed together, such as bread and butter or coffee and sugar. ## Step 2When the price of one good increases, the demand for its complement decreases. This is because the two goods are consumed together, and an increase in the price of one good makes it more expensive to consume the two goods together.## Step 3In this case, if the price of chicken increases, it becomes more expensive to consume chicken and rice together. Therefore, the demand for rice decreases.