When the Price of Hot Dogs at the Supermarket Increases,the

question 94

Multiple Choice

When the price of hot dogs at the supermarket increases,the quantity demanded of hot dog buns declines.This situation describes:

• A)the income elasticity of demand for hot dogs.
• B)the income elasticity of demand for hot dog buns.
• C)the price elasticity of supply for hot dogs.
• D)the cross-price elasticity of demand for hot dogs and hot dog buns.
• E)the cross-price elasticity of supply for hot dogs and hot dog buns.

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