If the price of hot dogs were to decrease, which of the following changes would we expect to occur in the hot dog bun market? Group of answer choices The equilibrium price of hot dog buns would decrease and the quantity of hot dog buns sold would increase. The equilibrium price of hot dog buns would stay the same and the quantity of hot dog buns sold would increase. The equilibrium price of hot dog buns would increase and the quantity of hot dog buns sold would decrease. The equilibrium price of hot dog buns would increase and the quantity of hot dog buns sold would increase. The equilibrium price of ho

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter5: Markets In Motion And Price Controls
Section: Chapter Questions
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If the price of hot dogs were to decrease, which of the following changes would we expect to occur in the hot dog bun market?

Group of answer choices
The equilibrium price of hot dog buns would decrease and the quantity of hot dog buns sold would increase.
The equilibrium price of hot dog buns would stay the same and the quantity of hot dog buns sold would increase.
The equilibrium price of hot dog buns would increase and the quantity of hot dog buns sold would decrease.
The equilibrium price of hot dog buns would increase and the quantity of hot dog buns sold would increase.
The equilibrium price of hot dog buns would decrease and the quantity of hot dog buns sold would decrease.
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