Lectur14-page37 - their cereals 37 Compliments If the price of a complement increases then the demand for the COI decreases › P comp fl D COI

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1996: As the price of milk increased during the year, the demand for cereal decreased. During the summer and early fall of 1996, the mjor cereal companies (Post, Kelloggs, General Mills) lowered the prices of
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Unformatted text preview: their cereals . 37 Compliments: If the price of a complement increases, then the demand for the COI decreases. › P comp fl D COI...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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