Question #89965

Consider the demand for hamburger.If the price of substitute good (hot dogs)increases and the price of complement good (hamburger buns) increases what will happen to the demand of hamburger and illustrate your answer on graph

Expert's answer

If the price of substitute good (hot dogs) increases, then the demand of hamburger will increase, and if the price of complement good (hamburger buns) increases, then the demand of hamburger will decrease, so the resulting change in demand can't be determined.


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