When the price of hot dogs decreases, what happens in the market for the complementary good of hot dog buns?.

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06-07-2022
Business

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When the price of hot dogs decreases, what happens in the market for the complementary good of hot dog buns?.

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Ayokenny2001idn Ayokenny2001idn · Answer 1 · 2022-07-12T11:58:49-04:00

When the price of hot dogs decreases, demand increases, increasing price, and quantity.

What is complementary good?

Complement goods are the type of goods that goes hand in hand with one another and enhance each other's value.

When the price of hot dogs decreases, people demand more hot dogs. To manufacture hot dogs, more hot dog buns are required. So, the demand for hot dog buns increases. This increases the price and quantity of hot dog buns.

Learn more about complementary goods here: https://brainly.com/question/5726530

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What is complementary good?

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