1
$\begingroup$

Now, my economics teacher and I have a disagreement. According to theory, as the price of air travel (airline tickets) increases, the demand for pilots will decrease as well because fewer people will be willing and able to buy the same airline ticket with an increased price, this should result in a fall of quantity demanded of airplanes and thus fewer pilots will be required/demanded. Thus, an increase in the price of air travel results in a decrease of demand for pilots. Thus, pilots and air travel are complimentary. My teacher thinks that pilots and air travel are not complimentary. Can anyone confirm my logic and economic claims?

Improve this question
$\endgroup$

1 Answer 1

Reset to default
1
$\begingroup$

Consumers buy airline tickets but don't hire pilots, so I wouldn't call those two complementary in the usual sense of "complementary goods".

Improve this answer
$\endgroup$

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.