Question: Mabel Cranford eats only syrup with pancakes. a. What is the technical name for this relationship between syrup and pancakes? b. Suppose the price of

Mabel Cranford eats only syrup with pancakes.

a. What is the technical name for this relationship between syrup and pancakes?

b. Suppose the price of pancakes goes up.

i. Represent the effect of this price increase on Mabel’s pancake demand curve.

ii. Represent the effect of this price increase on Mabel’s syrup demand curve.

c. What can we say about the cross-price elasticity between syrup and pancakes for Mabel Cranford?

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