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Author Question: Refer to Scenario 3.3 below to answer the question(s) that follow. SCENARIO 3.3: Mustard and ... (Read 248 times)

jrubin

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on: Apr 19, 2019

Refer to Scenario 3.3 below to answer the question(s) that follow.



SCENARIO 3.3: Mustard and mayonnaise are substitutes. Mustard and relish are complements. Mustard is a normal good. During the summer, about 50% of all mustard was recalled by manufacturers and removed from store shelves.





Refer to Scenario 3.3. As a result of the recall, you would expect that


◦ the supply of mustard would decrease, the price of mustard would increase, and the demand for mustard would decrease.
◦ the price of mustard would increase, the supply of mustard would increase, and the quantity demanded of mustard would decrease.
◦ the supply of mustard would decrease, the price of mustard would increase, and the quantity demanded of mustard would decrease.
◦ the price of mustard would increase and both the quantity of mustard supplied and the quantity of mustard demanded would increase.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jrubin on Apr 19, 2019

iman

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jrubin

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Reply #2 on: Apr 19, 2019
Thank you!


iman

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Reply #3 on: Apr 19, 2019
Always glad to help...


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