Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Get immediate and reliable answers to your questions from a community of experienced professionals on our platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Krista considers bread and butter to be complements. what would happen if she sees that the price of bread has gone up?

1. the demand for bread and butter would both decrease.

2. the demand for bread and butter would both increase.

3. the quantity demanded for bread would decrease and the demand for butter would decrease.

4. the demand for bread and butter would both be unaffected.

5. the demand for bread would decrease and the quantity demanded for butter would be unaffected.

Sagot :

annyksl

If the price of bread goes up, the demand for bread and butter would go down as shown in option 1.

Why does it happen?

  • Because the increase in the price of bread decreases the demand for it.
  • Because customers would be less interested in buying bread.
  • Because products that are consumed together with bread would be less sought after by customers.

Demand refers to customer interest in products. The increase in the price of the products causes this interest to decrease, causing the demand for the product to decrease.

When the demand for a product decreases, the demand for complementary products also decreases. Therefore, if the price of bread increases, the demand for bread decreases, and the demand for butter also decreases.

Learn more about demand:

https://brainly.com/question/4804206

#SPJ1

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.