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Two Scenarios are given below that include both substitutes and complements. Place each of the items below the scenarios into one of the two
Two Scenarios are given below that include both substitutes and complements. Place each of the items below the scenarios into one of the two columns as either a substitute (an item that takes the place of the other) or a complement (an items that goes along with that item). Scenario 1 The price of hot dogs drops by $1 per package Hot Dogs Buns Bratwurst Ketchup Mustard Relish Hamburgers Chili Substitute Complement Scenario 2 The average price of laptop computers rise by $300 Video Games Laptop Cooling Fans Tablet Computers Flat Panel Displays Desktop Computers Carrying Cases Virus Protection Software Substitute 1. What will happen to the demand for hot dog substitutes? Why? 2. What will happen to the demand for laptop complements? Why? 3. What will happen to the demand for hot dog complements? Why? Complement
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1 In Scenario 1 when the price of hot dogs drops by 1 per package the demand for hot dog substitutes ...Get Instant Access to Expert-Tailored Solutions
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