Question

Cape Cod brand and Kettle brand potato chips are perfect substitutes. Mary has $10. If Kettle chips cost $4 and Cape Cod bran

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer : Mary's demand for Kettle Chips = Mary's budget / Kettle Chips cost = 10 / 4

=> Mary's demand for Kettle Chips = 2.5

Therefore, if the cost for Kettle Chips is $4 then Mary's demand for Kettle Chips is 2.5 .

Add a comment
Know the answer?
Add Answer to:
Cape Cod brand and Kettle brand potato chips are perfect substitutes. Mary has $10. If Kettle...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT