You Observe That an Increase in the Price of Salsa

question 86

Multiple Choice

You observe that an increase in the price of salsa decreases the demand for tortilla chips and increases the demand for potato chips. You can conclude that

• A) salsa and tortilla chips are substitutes.
• B) salsa and potato chips are complements.
• C) tortilla chips and potato chips are complements.
• D) salsa and tortilla chips are complements.

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Definitions:

Combined Results Page

A web page that aggregates and displays multiple related search results, often from different sources or databases, in one consolidated view.

Simple Random Sampling

A statistical method where each member of a population has an equal chance of being selected in the sample.

Sampling Technique

A method used to select a portion or subset from a larger group or population for the purpose of statistical analysis.

Chance

The occurrence of events in the absence of any predictable pattern or intention, often associated with randomness or luck.