If the cross-price elasticity of demand for hamburgers and hotdogs is positive, then the two goods are substitutes. Ture or False? B) Suppose that when the price of a pizza is $10, Bill buys 7 pizzas per month, when the pizza price rises to $14, Bill buys 3 Pizzas per month. Calculate bill's price elasticity of demand for pizzas. a) 12/5 b) 5/12 c) I don't have enough information to calculate it d) 1/3 e) 4/5 f) 1 g) 3 h) 5/4 i) 0

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