Everyoneknows that the biggest rival to your company (Frank's Fantastic Fudge-Filled Fedoras) is Nate's Nutella-eNgorged Neckerchiefs. On a lark and using sales and price data, you estimate the cross-price elasticity between Frank's and Nate's two products to be 0.08, while the cross-price elasticity between Frank's product and Cole's Cocoa-Covered Corduroy Caps is 1.12. Your calculations suggest that

Select one:

a.Frank's should be more concerned if Nate's drops the price of their product than if Cole's drops the price of their product.

b.consumers consider Frank's and Cole's products to be better substitutes than are Frank's and Nate's products.

c.consumers consider Frank's and Nate's products to be better substitutes than are Frank's and Cole's products.

d.consumers consider Frank's and Cole's products to be more complementary to each other than are Frank's and Nate's products.