A product that is typically used in conjunction with another product, such that a change in the demand for one product results in a change in the demand for the other. Printers and toner cartridges are examples of complementary products, in that lower demand for printers will be associated with lower demand for toner cartridges.
Related information about complementary good:
- Complementary good - Wikipedia, the free encyclopedia
In economics, a complementary good is a good with a negative cross elasticity of demand, in contrast to a substitute good. This means a good's demand is ...
- What is complementary good? - BusinessDictionary.com
Definition of complementary good: Material or good whose use is interrelated with the use of an associated or paired good such that a demand for one (tires, ...
- Complementary goods: A Glossary of Political Economy Terms - Dr ...
Complementary goods. Two products for which the demand schedules are related to each other so that an increase in the price of the first good will cause a ...
- What is complementary good? - InvestorWords.com
Definition of complementary good: A product that is typically used in conjunction with another product, such that a change in the demand for one product results ...
- Complement Definition | Investopedia
Usually, the complementary good has little to no value when consumed alone but , when combined with another good or service, it adds to the overall value of ...
- Complementary Goods
When the price of one good changes, its complementary good is affected. If film prices increase, people will buy fewer cameras. If polyester bells drop in price, ...
- The Determinants of Demand
For complements, an increase in the price of one of the goods will decrease demand for the complementary good. Conversely, a decrease in the price of one of ...
- What Is a Complementary Good?
A complementary good is a material or product that can be used in association with another good, with this joint usage often helping to create additional demand ...