Suppose that the market for salad dressing is in equilibrium.Then the price of lettuce rises.What will happen?

Question

Quizplus · Accepted Answer

When the price of lettuce rises, salads become more expensive to make, leading to a decrease in the demand for salad dressing since fewer people might be buying or making salads. This is because salad dressing and lettuce are complementary goods; an increase in the price of one leads to a decrease in the demand for the other.

Suppose That the Market for Salad Dressing Is in Equilibrium