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Other Fields Homework Help Economics Topic started by: Tidy on Jun 20, 2015



Title: "Because chips and salsa are complements, an increase in the price of chips will cause the demand fo
Post by: Tidy on Jun 20, 2015
"Because chips and salsa are complements, an increase in the price of chips will cause the demand for salsa to decrease. This initial shift in demand for chips results in a higher price for chips; this higher price will cause the demand curve for chips to shift to the right." Which of the following correctly comments on this statement?
A) The statement will be true if consumer tastes for chips and salsa do not change.
B) The statement is false because a change in the price of chips would not change the demand for chips.
C) The statement is false because salsa is an inferior good; chips are normal goods.
D) The statement is false because one cannot assume that chips and salsa are complements for all consumers.


Title: Re: "Because chips and salsa are complements, an increase in the price of chips will cause the deman
Post by: Smoooth on Aug 10, 2015
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Title: Re: "Because chips and salsa are complements, an increase in the price of chips will cause the demand fo
Post by: Smoooth on Aug 31, 2015
No problemo :-]


Title: Re: "Because chips and salsa are complements, an increase in the price of chips will cause the ...
Post by: duke2701 on Nov 27, 2020
a