If the price of hot dogs riseshot dogs rises while the demand for hot dog buns fallshot dog buns falls, is the cross-price elasticity of demand between the pair of products likely to be positive or negative?

Negative

Explanation:

Hot dog and hot dog buns are complements. Complements are goods that are used together. If the price of one good increases, the demand for the other good falls in accordance to the law of demand.

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

The cross price elasticity for complements are usually negative.

Cross price elasticity is usually positive for substitute goods.

Substitute goods are goods which can be used in place of each other.

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