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Tidy Tidy
wrote...
Posts: 9704
6 years ago
"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.
Textbook 

Essentials of Economics


Edition: 4th
Authors:
Read 2117 times
6 Replies
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SmooothSmoooth
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Posts: 5500
6 years ago
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wrote...
6 years ago
Excellent answer, thank you.
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
wrote...
6 years ago
No problemo Happy Dummy
wrote...
A year ago Edited: A year ago, duke2701
The answer is: a
wrote...
2 months ago
TY :)
wrote...
A month ago
Thanks
Post Merge: A month ago

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