If hot dogs and relish are complements, their cross elasticity of demand is
A) greater than 0.
B) less than 0.
C) greater than 0, but less than 1.
D) 0.

Name: If hot dogs and relish are complements, their cross elasticity of demand is A) greater than 0. B) less than 0. C) greater than 0, but less than 1. D) 0.
Brand: Quizplus
Rating: 4.7 (39 reviews)

Question

Quizplus · Accepted Answer

The cross elasticity of demand between complements is less than 0, indicating that as the price of one good increases, the demand for the complementary good decreases.

If Hot Dogs and Relish Are Complements, Their Cross Elasticity