Suppose that the extended market demand curve for maple syrup can be expressed as , where P_p is the price of pancake batter and I is income. Which of the following is true for this extended market demand? A) Pancake batter and maple syrup are substitute goods because the partial derivative of the extended market demand with respect to the price of pancake batter is negative. B) Pancake batter and maple syrup are substitute goods because the partial derivative of the extended market demand with respect to the price of pancake batter is positive. C) Pancake batter and maple syrup are complement goods because the partial derivative of the extended market demand with respect to the price of pancake batter is positive. D) Pancake batter and maple syrup are complement goods because the partial derivative of the extended market demand with respect to the price of pancake batter is negative.

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The Answer of Suppose that the extended market demand curve for maple syrup can be expressed as , where P_p is the price of pancake batter and I is income. Which of the following is true for this extended market demand? A) Pancake batter and maple syrup are substitute goods because the partial derivative of the extended market demand with respect to the price of pancake batter is negative. B) Pancake batter and maple syrup are substitute goods because the partial derivative of the extended market demand with respect to the price of pancake batter is positive. C) Pancake batter and maple syrup are complement goods because the partial derivative of the extended market demand with respect to the price of pancake batter is positive. D) Pancake batter and maple syrup are complement goods because the partial derivative of the extended market demand with respect to the price of pancake batter is negative.

Suppose That the Extended Market Demand Curve for Maple Syrup