If nuts and bolts are complements, an increase in the price of nuts caused by a change in the supply of nuts will
A)increase the number of bolts sold.
B)decrease the demand for nuts
C)increase the price of bolts.
D)decrease the number of bolts sold

Question

If nuts and bolts are complements, an increase in the price of nuts caused by a change in the supply of nuts will
A)​increase the number of bolts sold.
B)​decrease the demand for nuts
C)​increase the price of bolts.
D)​decrease the number of bolts sold

Quizplus · Accepted Answer

Nuts and bolts are complements, which means they are typically used together. If the price of nuts increases, consumers are likely to buy fewer nuts, which will lead to a decrease in the demand for bolts. As demand for bolts decreases, the price of bolts will also likely decrease, leading to a decrease in the number of bolts sold.

If Nuts and Bolts Are Complements, an Increase in the Price