Answered

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Mustard is a complement for hot dogs. If the price of hot dogs rises, what happens to the market for mustard? Give the shift in the supply or demand curve and the change in price and quantity because of the shift.

This is for Econ

Sagot :

arleneriveradalton

Answer:

Explanation:

If the demand is high you raise the price and you get more money but if is low for the demand you put down the price and more people will buy the mustard.

lhmarianateixeira

In this exercise we are dealing with values ​​and dependence on sales values, so when the hot dog prices rise we will have:

Eventually we will have that the value of the shown will have to go up too, as this will meet the demand and increase profits.

When will a company be maximizing profit?

Therefore marginal cost and marginal revenue are defined as the change in cost or revenue as each additional unit is produced. Therefore, a company maximizes its profit by operating where its marginal revenue equals its marginal cost.

In other words, we can say that if the demand is high you raise the price and you get more money but if is low for the demand you put down the price and more people will buy the mustard.

See more about cost at brainly.com/question/8157485

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