Suppose that when the price of hamburgers increases, the Ruiz family buys more hot dogs.To the Ruiz family,
A)hamburgers and hot dogs are complements.
B)hamburgers and hot dogs are inferior goods.
C)hamburgers and hot dogs are normal goods.
D)hamburgers and hot dogs are substitutes.

Question

Quizplus · Accepted Answer

When the price of hamburgers increases, and the family buys more hot dogs, it suggests that hamburgers and hot dogs are substitutes. This means that if the price of one good goes up, people will switch to buying the other good because they serve as alternatives for each other.

Suppose That When the Price of Hamburgers Increases, the Ruiz