- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics (1)
- Reading 12. Topics in Demand and Supply Analysis
- Subject 2. Elasticities of Demand
CFA Practice Question
An increase in the price of a complement for product A would ______.
A. shift demand for product A outwards
B. shift demand for product A inwards
C. shift supply for product A outwards
Explanation: Remember that complements are purchased together.
User Contributed Comments 1
| User | Comment |
|---|---|
| MDrisc20 | A change in price would change the quantity demanded for the complement, but why would that shift product A's demand curve...? |