Author Question: If the price of potato chips increases, other things constant, demand for potato-chip dip will: a. ... (Read 220 times)

ETearle

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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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Answer to Question 1

d

Answer to Question 2

d



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