4. Suppose Wendys cuts the price of its grilled chicken deluxe sandwich by 25 percent. What do...
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4. Suppose Wendy’s cuts the price of its grilled chicken deluxe sandwich by 25 percent. What do you suppose would happen to the demand for
(a) Wendy’s hamburgers,
(b) Wendy’s Coca-Cola,
(c) McDonald’s Big Macs,
(d) McDonald’s fries, and
(e) Nike shoes?
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