emily1951 emily1951

08-06-2018
Business

contestada

Suppose that tacos and pizza are substitutes, and soda and pizza are complements. we would expect an increase in the price of pizza to: reduce the demand for tacos and increase the demand for sodas. reduce the demand for soda and increase the demand for tacos. increase the demand for both soda and tacos. reduce the demand for both soda and tacos.

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joccalub joccalub

22-06-2018

Answer: reduce the demand for soda and increase the demand for tacos

If tacos and pizza are substitutes, an increase in the price of pizza will increase the quantity demanded for tacos because consumers will substitute tacos for pizza. If soda and pizza are complements, then an increase in the price of pizza will reduce the demand for soda. For the same budget, a consumer may buy pizza alone.

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