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Because pancakes and syrup are often eaten together, they are compliments. Suppose that we observe that the equilibrium price of syrup and the equilibrium quantity

Because pancakes and syrup are often eaten together, they are compliments. Suppose that

we observe that the equilibrium price of syrup and the equilibrium quantity of pancakes have

fallen. What would be responsible for this pattern? Is it an increase in the price of honey, an

increase in the price of flour or both? Explain your answer with illustrations.

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