Consumers eat salsa with taco chips. The price of salsa rises. How does the increase in the price of salsa affect the demand for taco chips?

A) It decreases the demand for taco chips.
B) It increases the demand for taco chips.
C) It has no effect on the demand for taco chips.
D) It will decrease the demand for taco chips only if taco chips are a normal good.
E) It could increase, decrease, or have no effect on the demand for taco chips, but more information is needed to determine the impact.

A

Economics

You might also like to view...

Who created the system of human needs and motivations?

a. max weber b. abraham maslow c. douglas mcgregor d. frank gilbreth

Economics

According to Figure 6.1, the period from 1974 to 1995 is particularly remarkable for the slow growth of ________

A) output per worker B) labor input C) output D) capital input

Economics