The pair of items that is MOST likely to have a negative cross-price elasticity of demand is:
A)aspirin and hamburgers.
B)hot dogs and mustard.
C)margarine and butter.
D)ketchup and coffee.

Question

Quizplus · Accepted Answer

Hot dogs and mustard are complementary goods, meaning that an increase in the price of one will likely lead to a decrease in the demand for the other, resulting in a negative cross-price elasticity of demand.

The Pair of Items That Is MOST Likely to Have