The price of chips is $1 per 100 grams, and the price of nuts is $2 per 100 grams. Suppose that a consumer has $10 and spends $7 on chips and the rest on nuts. Her marginal utility of chips is 10 utils per 100 grams, and her marginal utility of nuts is 15 utils per 100 grams. Which of the following is true?

The elasticity of demand will be greater (in absolute value) if (Need help? Read chapter 3.4 of the textbook, here: https://playconomics.com/textbooks/view/playconomics42019t3/part2/ch3/s4) it makes up a relatively small share of consumers' total budget. it is relatively easy for producers to switch over to producing another good. 0 relatively close substitutes for the good are available. Both A and C, All of the above