General

Examples of complementary goods

Complementary goods

These are those goods that are generally consumed jointly or grant greater benefits or profits if they are consumed jointly. When it comes to complementary goods , the demand for one of the goods necessarily generates the demand for the other good.

In this sense, it should be noted that in this type of good, individually they do not generate benefits or greater demands, however, together with their complement, sales generally skyrocket.

When the price of a good decreases, sales generally increase, being positive for the company that manufactures or distributes it, being inversely proportional otherwise, that is, when the good increases, sales decrease and profits are minimized .

There is an important factor in the consumption of this type of goods, which is known as cross elasticity. This factor is responsible for measuring the sensitivity generated by the demand for a good, against the change or modification of the price of a good. In this sense, the increase in the price of a good inevitably leads to an increase in the quantity of the complementary good consumed.

Complementary goods in production

These are those goods that are produced jointly , that is, both are produced from the same base or raw material. This type of goods use the same materials for their production and unlike substitute goods, these are produced jointly.

It is important to note, in this regard, both the products and the joint products are complementary goods in their production process. When the demand for a complementary good in the production process increases, both its price and the quantity supplied immediately increase.

Examples of complementary goods

  1. Printer and tonner
  2. Seeds and fertilizers
  3. Milk, cheese and whey
  4. BR player and BR CDs
  5. Gasoline and cars
  6. Oil and Asphalt
  7. Oil and gasoline
  8. Milk and cream
  9. Right and left shoe
  10. Coffee and tea
  11. Mobile phone and charger
  12. Hot dog bun and sausage
  13. Computer and electricity
  14. Water and drinks
  15. Bread and yeast

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