Wine and cheese are complement goods because they are consumed together. What would you expect to happen to the equilibrium quantity of cheese if the price of wine increased and all else is held constant

Respuesta :

Answer:

they would all increase

Explanation:

If the price of wine increased, then all else held constant, the equilibrium quantity of cheese would decrease.

What would happen to the equilibrium quantity of cheese?

Goods that are considered complements will move in the same direction in terms of supply and quantity demanded.

As a result of the increase in the price of wine, the quantity demanded of wine will decrease. Because cheese will experience the same effect, the equilibrium quantity demanded of cheese will decrease as well.

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