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Novay_Z [31]
3 years ago
10

John opens a furniture company and decides to specialize in custom furniture for medical professionals. Which economic question

does medical professionals answer?
Business
1 answer:
Inessa [10]3 years ago
6 0
It answers for whom the product will be made for. I'd love a thanks and brainliest answer!
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C. increased diversification of Sierra Infusion.

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Cheese is a complement for hamburgers. If the price of hamburgers rises, the quantity of hamburgers demanded will <em>fall</em>, which will lead to a <em>fall in the demand</em> for cheese, as cheese and hamburgers are complements to each other. A rise in price of a complementary good will lead to a fall in demand for the complementary good as well. Because of the change in <em>demand</em> for cheese the equilibrium quantity of cheese will <em>fall</em> and the equilibrium price for cheese will also <em>fall</em>, the demand for milk by cheese producers will <em>decline</em>, causing the equilibrium price of milk to <em>fall</em>. This means producers of butter face <em>lower</em> input prices and the supply of butter will <em>rise</em>. The resulting <em>decline</em> in the price of butter causes people to substitute <em>jam for butter</em>, so the demand for jam will <em>decline</em>.

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