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) catsup and whiskey.

Question

Quizplus · Accepted Answer

Hot dogs and mustard are complementary goods, meaning that an increase in the price of one leads 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