Asked by Jessica Guerrero on Jun 03, 2024
Verified
A decrease in the price of baseball bats will decrease the demand for baseballs.
Demand For Baseballs
The total quantity of baseballs that consumers are willing and able to purchase at various prices during a given time period.
- Ascertain the features and consequences of substitute and complement products on the demand in markets.
Verified Answer
ZS
zonae simmonsJun 06, 2024
Final Answer :
False
Explanation :
A decrease in the price of baseball bats is likely to increase the demand for baseballs, as baseball bats and baseballs are complementary goods; when one becomes cheaper, the other is used more.
Learning Objectives
- Ascertain the features and consequences of substitute and complement products on the demand in markets.