Multiple Choice
Refer to Scenario 3.3 below to answer the question(s) that follow.
SCENARIO 3.3:
-Mustard and mayonnaise are substitutes.
-Mustard and relish are complements.
-Mustard is a normal good.
-During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.
-Refer to Scenario 3.3. The government wants to protect consumers from rising food prices. Therefore, price restrictions are imposed on mustard producers, prohibiting them from raising the price of mustard. This will cause
A) an excess demand for mustard.
B) an excess supply of mustard.
C) an increase in the demand for mustard.
D) a decrease in the supply of mustard.
Correct Answer:

Verified
Correct Answer:
Verified
Q287: Refer to the information provided in Figure
Q288: All households have ultimately limited incomes.
Q289: Refer to the information provided in Figure
Q290: Quantity demanded of a product is determined
Q291: Households are paid income for the resources
Q293: Refer to the information provided in
Q294: Refer to the information provided in Figure
Q295: An increase in the wage rate of
Q296: According to the law of demand, quantity
Q297: Refer to Scenario 3.2 below to answer