Question
Home delivery meal kits are becoming more popular for busy professionals and families. Boxes are delivered to your doorstep with all the ingredients and preparation
Home delivery meal kits are becoming more popular for busy professionals and families. Boxes are delivered to your doorstep with all the ingredients and preparation instructions for a home-cooked meal. The market demand curves below show the initial prices and quantity demanded per serving for comparable meal kits for Blue Apron and Amazon Fresh. (Pretend there are no subscription or delivery fees.) These companies are competitors so they would be considered substitutes. (Just ignore supply here.) price price per serving per serving $8.99 A $8.99 C 100 Quantity Blue 100 Quantity Amazon Apron Meal kits Fresh Meal kits Suppose Amazon drops the prices of their meals to $5.99 per serving. DRAW THE RESULT ON BOTH DEMAND GRAPHS. You don't need other specific numbers, just show the directions of the changes or shifts.
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