Explain the concept of supply and demand when it comes to grocery store prices. Use a specific product as an example.

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asked Jun 27, 2017 123k views

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Jeff Busby · Answer 1 · 2017-07-01T01:34:41+0000

Complements and substitutes illustrate the difference between changes in quantity demanded vs changes in demand. Two goods (A and B) are complementary if using more of good A requires the use of more good B. For example, ink jet printer and ink cartridge are complements.

Explain the concept of supply and demand when it comes to grocery store prices. Use a specific product as an example.

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