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Pete Feeds His Dog 100 Percent More Pup-Peronis When Zuke's

Question 69

Multiple Choice

Pete feeds his dog 100 percent more Pup-Peronis when Zuke's treats increase in price by 50 percent.For Pete,Pup-Peronis and Zuke's are ________ and the cross-price elasticity of demand is ________.


A) complements; -1/2
B) substitutes; 2
C) substitutes; -2
D) complements; 2
E) substitutes; 1/2

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