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suppose the price of salt increases by 20 percent and...

Question: suppose the price of salt increases by 20 percent and...

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Suppose the price of salt increases by 20 percent and, as a result, the quantity of pepper demanded (holding the price of pepper constant) increases by 2 percent The cross-price elasticity of demand between salt and pepper is(Enter your response rounded to two decimal places and include a minus sign if appropriate) In this example, salit and pepper are Instead, suppose salt and pepper were complements. If so, then the cross-price elasticity of demand between salt and pepper would be O A. negative O B. positive O C. greater than -1 O D. less than 1 OE. zero.

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