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Complementary good

In economics, a complementary good is a good whose appeal increases with the popularity of another good, which is known as its complement. Technically, it displays a negative cross elasticity of demand and that demand for it increases when the price of another good decreases. If A {\displaystyle A} is a complement to B {\displaystyle B} , an increase in…

Perfect complement, Overview & Examples

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Perfect complement

Indifference curveLeontief utilityMarketingMarket powerVendor lock-in
7 related topics

Overview

EconomicsGoodCross elasticity of demandDemandPrice
15 related topics

Examples

CarsPetrolSupply and demand
3 related topics

Gross complements

Hicks
1 related topics

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Perfect complement

Gross complements

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Complementary good

Nodes31
Edges30
Triples4
Avg. degree1.94
Density0.064516
Components1

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Complementary good

Top relations

related to Example · 3
Complementary good → In, It, Pricing
is a · 1
Complementary good → good whose appeal increases with the popularity of another good

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Important terminology

good demand displaystyle price complement complements demanded another curve example goods one cars quantity negative shift higher increases may pay

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Complementary goodis agood whose appeal increases with the popularity of another good0.90text
Complementary goodrelated to ExampleIn0.60section
Complementary goodrelated to ExampleIt0.60section
Complementary goodrelated to ExamplePricing0.60section

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    Min side: 3
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