PracticeQuiz content is free on an ad-supported model.

Unfortunately, we can't support ad blocker usage because of the impact on our servers. If you'd like to continue, please disable your ad blocker and reload page.

Reload page

Praxis II: Economics Content Knowledge Exam Prep

Category - Economics

Start a Study Session Sign up for Question of the Day

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.

Previous Next

Was this helpful? Upvote!

Start a Study Session Sign up for Question of the Day

Praxis II: Economics Content Knowledge Exam Prep

Top questions

Related questions

Most popular on PracticeQuiz

Ad-Blocker not supported

Praxis II: Economics Content Knowledge Exam Prep

Top questions

Related questions

Most popular on PracticeQuiz