When the price of chips increases, Hector's demand for soda decreases. What kinds of goods does Hector consider chips and soda?
A) complements
B) substitutes
C) inferior goods
D) normal goods

Question

Quizplus · Accepted Answer

Chips and soda are considered complements because an increase in the price of one (chips) leads to a decrease in the demand for the other (soda), indicating that they are typically consumed together.

When the Price of Chips Increases, Hector's Demand for Soda