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Explanation of complements in economics and identification of a scenario that does not represent complements.
Complements are goods that are consumed together, where the demand for one product is influenced by the demand for the other. Examples include golf balls and golf clubs. If the price of golf clubs rises (a complement), the demand for golf balls decreases.
One of the scenarios that does not depict the characteristics of complements is when the price of coffee increases and the demand for cream increases. In this case, coffee and cream are not complements but may be considered separate goods with different consumer behaviors.
Understanding complements is essential in analyzing how changes in price and demand for one product can impact the demand for related goods, influencing market dynamics.
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