For Consumers,taco Chips and Salsa Are Complements

question 123

Multiple Choice

For consumers,taco chips and salsa are complements.If the price of salsa rises,what is the effect on the equilibrium price and quantity of taco chips?

• A) The equilibrium price of taco chips falls, and the equilibrium quantity decreases.
• B) The equilibrium price of taco chips rises, and the equilibrium quantity decreases.
• C) There is no change in the equilibrium price of taco chips, and the equilibrium quantity increases.
• D) The equilibrium price of taco chips could rise, fall, or stay the same, and the equilibrium quantity increases.
• E) The equilibrium price of taco chips rises, and the equilibrium quantity increases.

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Definitions:

Placebo

An inactive substance or treatment that has no therapeutic effect, used in controlled experiments to test the efficacy of another substance or treatment.

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A chemical substance that changes brain function and results in alterations in perception, mood, consciousness, cognition, or behavior.