Multiple Choice
Which of the following would cause the equilibrium price of ketchup to increase and the equilibrium quantity of ketchup to decrease?
A) a decrease in the price of tomatoes
B) an increase in the price of tomatoes
C) an increase in the price of mustard,a substitute for ketchup
D) an increase in the price of french fries,a complement for ketchup
Correct Answer:
Verified
Correct Answer:
Verified
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Q63: Figure 3-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 3-5
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Q65: Figure 3-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 3-3
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Q68: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 3-2
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