We would expect the cross-elasticity of demand between popcorn and potato chips to be negative.

Name: We would expect the cross-elasticity of demand between popcorn and potato chips to be negative.
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Question

Quizplus · Accepted Answer

The cross-elasticity of demand between popcorn and potato chips is likely to be positive because they are substitute goods; as the price of one increases, the demand for the other is likely to increase as well.

We Would Expect the Cross-Elasticity of Demand Between Popcorn and Potato