Question
Read the article, A Big Change is Coming to Subway Restaurants Today . Complete parts a, b, c, and d together. Based upon the article,
Read the article, "A Big Change is Coming to Subway Restaurants Today" . Complete parts a, b, c, and d together. Based upon the article, Subway has purchased slicers costing $6000. This is being done in an attempt to affect sales since they will now be offering freshly sliced deli meats. These two phenomena occurring simultaneously will cause both the supply and demand curves to shift due to the introduction of the new slicers along with the anticipated change in buyer willingness. In which direction will the supply curve shift? In which direction will the demand curve shift? When these two shifts occur at the same time what effect will it have on the equilibrium quantity? Will the equilibrium quantity decrease, increase, or be indeterminate?
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