Question
Explain with diagrams how the equilibrium price and quantity of ketchup, which is made of tomatoes, change in the following cases. a )The price of
Explain with diagrams how the equilibrium price and quantity of ketchup, which is made of tomatoes, change in the following cases.
a )The price of French fries decreases. (5 marks)
b) The price of tomato juice decreases. (5 marks)
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
