Answer to Question #130841 in Economics of Enterprise for Md Shoriful Islam

Question

The food-taking i especially in fast food segment has been changing very fast over last decade among the people of Dhaka - the capital city of Bangladesh. Fast foods are mostly designed for ready availability, use and consumption. Examples of most prominent fast food items include burger, pizza, fried chicken, pasta, hot dog, hamburger, sandwich and so on. With the rise of this fast food industry in Bangladesh, different types of sauce and ketchup industries have grown up together in the country. As we know tomato sauce & chili ketchup are consumed together with chicken burger. Also, chicken burger and beef pizza are consumed as substitute. Because of high transport costs in this current lockdown situation, suddenly the price of chicken burger goes up. This increase in the price of chicken burger has several economic effects. Answer the following questions based on this incident: Q1: What would happen to the market of tomato sauce & chili ketchup?

Answer 1

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