Question
a. demand increases b. supply increases c. it moves along the demand and supply curves d, supply decreases e. price never shifts the curve f.
a. demand increases
b. supply increases
c. it moves along the demand and supply curves
d, supply decreases
e. price never shifts the curve
f. demand decreases
Questions:
1. What happens when only a change in price occurs in the marketplace?
2. New grilling technology cuts production time in half. What happens to demand and/or supply for hamburgers?
3. Price of chicken sandwiches (a substitute) increases. What happens to demand and/or supply for hamburgers?
4. Price of hamburgers decreases. What happens to demand and/or supply for hamburgers?
5. Price of ground beef triples. What happens to demand and/or supply for hamburgers?
6. Human fingers found in multiple burger restaurants. What happens to demand and/or supply for hamburgers?
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