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CLEP Microeconomics Exam Prep

Category - Microeconomics

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What are goods that are used together called?

Substitutes
Complements
Pairs
Supplies

Explanation

Answer - B - Goods that are used together are called complements.

Key Takeaway: Typically, an increase in the price for one complement causes a decrease in the demand for the other complement. Complements are seen a lot in the travel industry. For example, if the price of hotel rooms goes way up, you may see a decrease in demand for airline tickets or rental cars.

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