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

CLEP Microeconomics Exam Prep

Category - Microeconomics

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

Most popular on PracticeQuiz

157 votes

An 8-year-old boy named Albert has a 10-year-old brother named Benny. Benny joins the service at 20 leaving Albert feeling bitter that he no longer has a brother to look up to. After 7 years, Albert is finally ready to make up with Benny who has been out of the service for 5 years. How old is Albert now? GED Exam Prep: Math
120 votes

The lymphatic system contains four organs: Medical Coding Exam Prep
79 votes

Using motivation from ‘within’ is called ______________. CPCE Exam Prep
73 votes

“A set of specialized organizational capabilities for providing value to customers in the form of services” is the official definition of: IT Service Management Foundation Practice Test
72 votes

Which are the most serious adverse effects associated with Lithium? MACE Medication Assistant Exam Prep

CLEP Microeconomics Exam Prep

Top questions

Related questions

Most popular on PracticeQuiz

Ad-Blocker not supported

CLEP Microeconomics Exam Prep

Top questions

Related questions

Most popular on PracticeQuiz