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

Question

Quizplus · Accepted Answer

The recall of mustard would lead to a decrease in the supply of mustard because less of it is available for sale. This decrease in supply, with demand remaining constant, would typically lead to an increase in the price of mustard. As the price increases, the quantity of mustard demanded would decrease, following the law of demand.