Answer to Question #170783 in Economics for IrieAnna Marshall

Question #170783

if fast food chains raises price on all items how will this affect the demand curve for the chains burgers

Expert's answer

If fast food chain raises price on all items, then the demand curve for the chains burgers won't be affected, there will be a decrease in quantity demanded.

Learn more about our help with Assignments: Economics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Under what set of assumptions do countries with the same technology and factor endowments trade with
2. Suppose that Mr, Binda buys a three-month 5,000 contract to buy "commodity-X' at a futures
3. Which of the following statement is correct? Engineering economics provides a set of methods by whi
4. Should we study economics even if there is abundantly provided resources
5. Activity Scenario #1: As a secretary you were tasked to create and send formal invitations for y
6. Based on the article, explain the interactions that a company needs to have both internally and exte
7. Business Research Project:Students will start their own business or extend a business that already e