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vladimir1956 [14]
3 years ago
8

We observe both the price and quantity sold of ketchup falls over time. assuming all else stayed the same, this is due to:

Business
1 answer:
kolezko [41]3 years ago
4 0
The reason behind the falling of price and quantity of ketchup sold is that the cost of mustard seeds decreases as mustard is a substitute of ketchup and for the input mustard seeds are produced. So, if the price of mustard seed decreases, the price of ketchup also decreases.
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