Which of the following would best be classiﬁed as a complement for new houses/homes?
A) lumber or steel
B) construction equipment
C) mortgage loans
D) rental apartments

Question

Quizplus · Accepted Answer

Complements for new houses/homes would refer to the things that are necessary to make the purchase of a new house possible. Lumber, steel and construction equipment are inputs for construction and not complements for new houses/homes. Rental apartments are not complements as they are substitutes for purchasing a new home. Mortgage loans, on the other hand, are necessary to finance the purchase of a new house/home, making it the best choice.

Which of the Following Would Best Be Classiﬁed as a Complement