Business
Business, 04.10.2019 19:20, krystalScott17

Ketchup is a complement (as well as a condiment) for hot dogs. if the price of hot dogs rises, the quantity of hot dogs demanded (fall/rises), which (raises/lowers) the demand for ketchup. because of the change in the equilibrium quantity of ketchup, the demand for tomatoes by ketchup producers (falls/rises), causing the equilibrium price of tomatoes to (increase/decrease). this means producers of tomato juice face (higher/lower) input prices, and the supply curve for tomato juice (increases/decreases). the resulting (rise/fall) in the price of tomato juice causes people to substitute (away from tomato juice and toward orange juice/away from orange juice and toward tomato juice), so the demand for orange juice (falls/rises).

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Ketchup is a complement (as well as a condiment) for hot dogs. if the price of hot dogs rises, the q...

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