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QUESTION
Assume bagels and cream cheese are complements. It is observed the price of cream cheese and the equilibrium number of bagels have increased.
Assume bagels and cream cheese are complements. It is observed the price of cream cheese and the equilibrium number of bagels have increased. What could be responsible for this- a fall in the price of flour or a fall in the price of milk? Explain in a sentence and illustrate using supply and demand lines.
