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How simultaneous shifts in demand and supply curves
Course:- Business Economics
Reference No.:- EM13891950





Assignment Help >> Business Economics

Explain how simultaneous shifts in demand and supply curves could explain this situation:

A pest attack on the tomato crop increases the cost of producing ketchup. A mild winter causes cattle herds to be unusually large, causing the price of hamburgers to fall. The equilibrium quantity of ketchup is unchanged.




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