Question: Question 1 1 A 1 0 percent decrease in the price of potato chips leads to a 3 0 percent increase in the quantity of

Question 11
A 10 percent decrease in the price of potato chips leads to a 30 percent increase in the quantity of soda demanded. It appears that:
elasticity of demand for potato chips is 3.
I cross-price elasticity of demand for soda is -3.
(C) elasticity of demand for potato chips is 3
1 elasticity of demand for soda 3.
Question 1 1 A 1 0 percent decrease in the price

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