An economist estimated the cross-price elasticity for peanut butter and jelly to be -1.5.Based on this information,we know the goods are

A) ​inferior goods.
B) complements.
C) inelastic.
D) ​substitutes.

Cross-Price Elasticity

A measure of how the quantity demanded of one good responds to a change in the price of another good, indicating the relationship between the two products.

Peanut Butter

A food paste made primarily from ground dry roasted peanuts, often spread on bread or eaten with other foods.

Complements

Products or services that complement each other, enhancing their value or appeal when one is used or consumed alongside the other.