Are salsas and chips complementary or substitute goods

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Are salsas and chips complementary or substitute goods.

What will happen to the demand for salsa if the following happens? Explain why.

a-The price of Doritos which is a substitute for chips increases?

b-The price of corn which is a key ingredient in chip goes up significantly

c-A study by the medical association reveals that chips reduce blood sugar

d-The price of tomatoes which is a key ingredient in salsa falls significantly.

Reference no: EM13734292

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