Question

Soft drinks and burgers are complements because they are consumed together. Suppose the price of cola has increased how it will alter the supply, demand, quantity supplied, quantity demanded and the price in the market for burgers? Explain numerically and graphicallyi

Answer 1

Answer:

market failure reasonsMarket failure basically reflects to the fact of inefficient distribution of resources, inefficientallocations of resources, good and services. Market failure reflects to inefficiency of market.Market distortion lead to state of disequilibrium in a society which in turns generate the mrket failure. There are many factors which cause the market to work inefficiently like externality,provision of public good more often, market control, and imperfect information regarding market strategy, about good and services, and also about prices.

MARK ME BRAINLIST