Economics A-Level
Complementary goods
What Complementary goods means in Economics A-Level, as defined for AQA.
Definition of Complementary goods
Check what you remember
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Reference: AQA
Goods for which cross elasticity of demand is negative, as a rise in the price of one reduces demand for both.
Topics that use Complementary goods
- Price, income and cross elasticities of demand (AQA A-Level)
Related terms
- Cross Elasticity of Demand (XED)
- Income Elasticity of Demand (YED)
- Price Elasticity of Demand (PED)
- Revenue maximisation
- Business decision-making
- Consumer expenditure
- Cross elasticity of demand
- Inferior good
Using Complementary goods in the exam
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