13. Suppose that hotdogs and mustard are complements. If the price of hotdogs in

Question

13. Suppose that hotdogs and mustard are complements. If the price of hotdogs increases: A. The quantity demanded of mustard packs decreases. B. The quantity demanded of mustard packs increases. © The demand curve for mustard packs shifts to the right D. The demand curve for mustard packs shifts to the left. 14. Refer to the table below. What is the elasticity of demand between the price of $3 and S2? Price Quantity Demanded $5 400 S4 500 $3 600 S2 700 -2/3 Price of flips flops 14 12 10 botys endBeny's Demand Bob's Demand 0 23 45 6 7 89 10 ·# of flip f 15. Bob, Betty, and Bertha are the only consumer of flip flops in the market. Using Graph l, if the market price is $6.00, what is the market quantity demanded? A. 11 flip flops B. 6 flip flops C. 5 flip flops D. 13 flip flops

Explanation / Answer

1. The quantity demand of mustard packs decreases

2. -7/9

3. 13 Flip Flops

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