Intermarket Relationships Flashcards by Mia-Simone Slinn | Brainscape

Q

What are compliments?

A

products that are used and bought together

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Q

Give 2 examples of a complementary goods

A

fish and chips
milk and cereal

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Q

What are substitutes?

A

two goods that can be used for the same purpose

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Q

Give 2 examples of substitute goods

A

pepsi or coke
android or apple

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Q

What happens if the price of one substitute rises

A

the demand for the other substitute rises

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