question 15 (1 point)\npub owners have discovered that when their patrons eat peanuts it makes them…

question 15 (1 point)\npub owners have discovered that when their patrons eat peanuts it makes them thirstier, and they drink more beer. based on this information, which statement best describes beer and peanuts?\nthey are complements and have a negative cross - price elasticity.\nthey are substitutes and have a positive cross - price elasticity.\nthey are complements and have a positive cross - price elasticity.\nthey are substitutes and have a negative cross - price elasticity.

question 15 (1 point)\npub owners have discovered that when their patrons eat peanuts it makes them thirstier, and they drink more beer. based on this information, which statement best describes beer and peanuts?\nthey are complements and have a negative cross - price elasticity.\nthey are substitutes and have a positive cross - price elasticity.\nthey are complements and have a positive cross - price elasticity.\nthey are substitutes and have a negative cross - price elasticity.

Answer

Brief Explanations:

Complementary goods are those that are consumed together. When the consumption of one (peanuts) leads to an increase in the consumption of the other (beer), they are complements. For complementary goods, the cross - price elasticity of demand is negative. That is, when the price of peanuts changes, the demand for beer moves in the opposite direction. For example, if the price of peanuts increases, the demand for peanuts will decrease, and since they are consumed together, the demand for beer will also decrease.

Answer:

They are complements and have a negative cross - price elasticity.