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Business, 20.06.2020 22:57 nculberson6

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, whichthe demand for ketchup. Because of the change in the equilibrium quantity of ketchup, the demand for tomatoes by ketchup producers, causing the equilibrium price of tomatoes to. This means producers of tomato juice faceinput prices, and the supply of tomato juice. The resultingin the price of tomato juice causes people to substitute, so the demand for orange juice.

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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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