When the price of tortilla chips rose by 10 percent, the quantity of tortilla chips sold fell 4 percent, and the sale of dips (like salsa and bean dip) fell 8 percent
This set of facts indicates that the cross-price elasticity between tortilla chips and dips is ________, so the two are ________.
A) 0.4; substitutes B) -0.4; complements C) -0.8; complements D) 0.8; substitutes
C
Economics
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In the Cambridge approach, if k is .5, total output is $50 billion, and the money supply is $100 billion, the price level is
A) 0.5. B) 4.0. C) 3.0. D) 10.0.
Economics
Which of the following pieces of information on individual stocks cannot be found in the options section of the financial news?
A) The closing price of the stock B) Open interest C) Option trading volume D) Bid price
Economics