A.

Ketchup is a complement (as well as condiment) for hotdogs If the price of the hotdog rises,
what happens to the Market of Ketchup, for Tomatoes, for Tomato juice, and for Orange juice

Ketchup is What happens to Market for Market for Market for

complement, for the Market of Tomatoes? Tomato Juice? Orange Juice?
hotdogs. ketchup? (Briefly (Briefly explain) (Briefly explain) (Briefly explain)
explain)
Price of hotdogs When the price of Due to the When the price of The fall in the
rises hot dogs rises, the decrease of the tomatoes falls, price of tomato
quantity quantity demand producers of juice causes
demanded of hot of the ketchup, tomato juice face people to
dogs declines, the factory or the lower input substitute tomato
lowering the producer of the prices, so the juice for orange
demand for ketchup demand supply curve for juice, so the
ketchup. A decline to purchase tomato juice demand for
in both the tomatoes is shifts out, causing orange juice
equilibrium price affected, causing the price of declines, causing
and quantity of both its price and tomato juice to the price and
ketchup is quantity fall and the quantity of
present. decreases and quantity of orange juice to
falls. tomato juice to fall.
rise.