24. The October 28, 2021, Wall Street Journal explains that due to rising wages and other input costs McDonald's is raising menu prices. The chain of causation that explains this is: a. b. C. d. e. As input costs increase, the supply of burgers decreases, prices rise, and demand will fall. Quantity demanded Will fall as prices rise and quantity supplied falls. Sey's law will cause demand to drop as prices rise. Higher input costs lead to a decrease in supply, upward pressure on prices and will lead to fewer hamburgers being bought at McDonalds. B and C only. 25. If Joe Biden made it easier for immigrants to enter and work in the United States, we would see the following in the market for new homes: a. b. e. d. e. The price of homes would rise as supply increases. The quantity of homes supplied would increase due to lower input costs of building. The demand for new homes would not change but supply would decrease as immigrants cause higher unemployment for American workers. The price of homes could fall some if lower input costs of production boosts supply. A and C only