If the price of hot dogs increases, this will cause a(n)________the demand curve for hot dog buns and a(n)________in the equilibrium price of hot dog buns.

Question

Quizplus · Accepted Answer

Hot dogs and hot dog buns are complementary goods. If the price of hot dogs increases, fewer people will buy them, which in turn decreases the demand for hot dog buns. With lower demand for hot dog buns, the equilibrium price of buns will also decrease.

If the Price of Hot Dogs Increases, This Will Cause