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#cfa #cfa-level-1 #economics #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4
For complements, however, the impact is in the other direction: When the price of one good rises, the quantity demanded of the other good shifts downward and to the left.
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4.4. Cross-price Elasticity of Demand: Substitutes and Complements
bbage together as a pair (i.e., that the price of coffee has a relation to the sales of cabbage). For substitute goods, an increase in the price of one good would shift the demand curve for the other good upward and to the right. <span>For complements, however, the impact is in the other direction: When the price of one good rises, the quantity demanded of the other good shifts downward and to the left. <span><body><html>


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