Recently, in Smalltown, the price of Twinkies fell from $0.80 to $0.70. As a result, the quantity demanded of HoHo’s decreased from 120 to 100. What would be the 9appropriate elasticity to compute? Use the midpoint method, compute this elasticity. What does your answer tell you?

The answer is -1.36

Meaning the goods are complements.

Explanation:

This is a cross price elasticity.

Please find the attached file for calculation.

The negative sign of 1.36 tells us that both Twinkies and HoHo are complements.

Complement goods are consumed together as a pair. So the price of twinkies fell, the quantity of HoHo too dropped

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

answer; descriptive statistics;