Glossary · Micro · Supply and demand

Complements

Two goods used together, so when one gets pricier demand for the other falls. Printers and ink, coffee and milk.

Also called: complementary goods

Draw it yourselfTaught in: Cross-Price Elasticity — Substitutes & Complements

Related terms

SubstitutesCross-price elasticity of demand (XED)

More from supply and demand

Demand curveDemand scheduleDemand shiftersDouble shiftIncome effectInferior goodInvisible handLaw of demand

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