......................

oncept Question 4.9 'he graph on the right shows the market for hamburger, which is in equilibrium. Hamburger is a normal good, ind people like to eat cheese with hamburger. Beef is an input to hamburger production. iuppose that there is a decrease in the price of beef. .) Using the line drawing tool, show the effect on the market. Properly label your new curve. 1.) Using the point drawing tool, show the new equilibrium price and quantity. Label your point 'E'. )alefully follow the instmctions above, and only draw the required objects. amburger Price of h Quantity of hamburger