Popcorn and Coca Cola are complementary goods. When the price of Coca Cola rises:

-Supply of Coca Cola will increase causing price and quantity to increase.
-The quantity of Coca Cola supplied with increase.
- Demand for popcorn will decrease causing price and quantity to decrease.
- Demand for Coca Cola will decrease causing price and quantity to increase.

Question

14-06-2022
History

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Popcorn and Coca Cola are complementary goods. When the price of Coca Cola rises:

-Supply of Coca Cola will increase causing price and quantity to increase.
-The quantity of Coca Cola supplied with increase.
- Demand for popcorn will decrease causing price and quantity to decrease.
- Demand for Coca Cola will decrease causing price and quantity to increase.

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Tundexi Tundexi · Answer 1 · 2022-06-17T17:41:11+02:00

The effect of rise in price of Coca Cola will be that the Demand for Coca Cola will decrease causing price and quantity to decrease as well.

What is a complementary goods?

This refers to those goods that are consumed together to satisfy a particular want.

Hence, the effect of rise in price of Coca Cola will be that the Demand for Coca Cola will decrease causing price and quantity to decrease as well.

Therefore, the Option C is correct.