Multiple Choice
If the cross elasticity of demand coefficient for potato chips and pretzels equals 1.5:
A) potato chips and pretzels must both be inferior goods.
B) potato chips and pretzels must both be normal goods.
C) potato chips and pretzels must be substitutes.
D) potato chips and pretzels must be complements.
Correct Answer:
Verified
Correct Answer:
Verified
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