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Complements
Complements are goods or services in joint demand. Cross price elasticity of demand (XED) for two complements will be negative. An increase in the price of Good T will lead to a contraction in demand for T and a fall in demand for a complement, good S.
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Determinants of Cross Price Elasticity of Demand
Topic Videos
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Elasticity of Demand and Supply - Selection of Revision MCQs
Practice Exam Questions
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Cross Price Elasticity of Demand
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Demand and Supply - 5 minute Powerpoint Knowledge Retrieval Quiz
28th September 2020
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Substitutes and Complements
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