When the price of a resource _________,the demand for a complementary resource ___________;when price of a resource _________,the demand for a complementary resource _________.A) rises,rises;falls,fallsB) rises,falls;falls,fallsC) rises,falls;falls,risesD) rises,rises;falls,rises

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Tsjaniqua Jeffrey · Accepted Answer

Final Answer : C, Explanation :  When the price of a resource rises, the demand for its complementary resource falls as the cost of producing the final product increases. For example, if the price of flour rises, the demand for sugar, which is a complementary resource for producing baked goods, falls because the cost of making baked goods increases. On the other hand, when the price of a resource falls, the demand for its complementary resource rises as the cost of production decreases, and more of the final product can be made.

When the price of a resource ___,the demand for a complementary resource _;when price of a resource _,the demand for a complementary resource _____.

A) rises,rises;falls,falls
B) rises,falls;falls,falls
C) rises,falls;falls,rises
D) rises,rises;falls,rises

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