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Author Question: If the price of potato chips increases, other things constant, demand for potato-chip dip will: a. ... (Read 153 times)

ETearle

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on: Jun 30, 2018
If the price of potato chips increases, other things constant, demand for potato-chip dip will:
 a. not change; only quantity demanded will change.
  b. increase, because the goods are substitutes.
  c. decrease, because the goods are substitutes.
  d. decrease, because the goods are complements.
  e. increase, because the goods are complements.

Question 2

Which of the following pairs is the best example of complements?
 a. Coffee and tea. b. DVDs and tapes.
  c. Hiking boots and athletic shoes. d. Tortillas and salsa.


Edwyer

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

d


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