When the price of a complementary good increases the demand curve for the original product will increase and the price and quantity of the product will increase. Is False
In economics, a demand curve is a graph that shows the relationship between the price of a particular commodity (y-axis) and the quantity of that commodity required at that price (x-axis). Demand curves can be used either for individual consumer price-volume relationships (individual demand curves) or for all consumers in a particular market (market demand curve).
Generally, the demand curve is assumed to be sloping downwards, as shown in the figure next to it. This is due to the law of demand. For most products, the higher the price, the lower the demand.
Certain unusual circumstances do not comply with this law. These include Veblen goods, Giffen goods, and speculative bubbles, and as prices rise, buyers are attracted to the goods.
Learn more about the Demand curve here: https://brainly.com/question/14297698
#SPJ4
