- /ˌkɒmplɪment(ə)ri dɪ'mɑ:nd/ noundemand for two or more products that are needed together● The demand for cars and petrol was an example of complementary demand.
Marketing dictionary in english. 2015.
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Complementary good — Complementary goods exhibit a negative cross elasticity of demand: as the price of good Y rises, the demand for good X falls. A complementary good, in contrast to a substitute good, is a good with a negative cross elasticity of demand.[1 … Wikipedia
Demand (economics) — Demand redirects here. For other uses, see Demand (disambiguation). In economics, demand is the desire to own anything, the ability to pay for it, and the willingness to pay (see also supply and demand). The term demand signifies the ability… … Wikipedia
complementary products — UK US noun [plural] (also complementary goods) ► MARKETING products that are sold separately but that are used together, each creating a demand for the other, for example, computers and computer programs: »Technology firms that specialize in one… … Financial and business terms
Demand curve — An example of a demand curve shifting In economics, the demand curve is the graph depicting the relationship between the price of a certain commodity, and the amount of it that consumers are willing and able to purchase at that given price. It is … Wikipedia
complementary product — /ˌkɒmplɪment(ə)ri prɒdʌkt/ noun a product for which demand is dependent on the demand for another product ● When demand for our product fell, producers of complementary products also suffered … Marketing dictionary in english
Complementary monopoly — In a complementary monopoly consent must be obtained from more than one agent in order to obtain the good. This effect was originally observered in . The leads to a reduction in surplus generated relative to an outright monopoly, if the two… … Wikipedia
complementary goods — commodities for which change in the demand for one of them brings the same rate of change in another … English contemporary dictionary
Interrelated Demand and Supply — Each market is studied independently, known as partial equilibrium, but obviously markets are linked. The demand for one product is affected by changes in the market for other related products. The demand for all products is related because all… … Wikipedia
Supply and demand — For other uses, see Supply and demand (disambiguation). The price P of a product is determined by a balance between production at each price (supply S) and the desires of those with purchasing power at each price (demand D). The diagram shows a… … Wikipedia
Price elasticity of demand — Not to be confused with Price elasticity of supply. PED is derived from the percentage change in quantity (%ΔQd) and percentage change in price (%ΔP). Price elasticity of demand (PED or Ed) is a measure used in economics to show the… … Wikipedia