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rei. . ,rrr,7n--v~~v, d. Assume the machinery used to produce hamburgers have gone up in price. Price Market for Hamburgers per pound Pounds of Qo

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rei. . ,rrr,7n--v~~v, d. Assume the machinery used to produce hamburgers have gone up in price. Price Market for Hamburgers per pound Pounds of Qo Hamburgers (i) Which hamburger curve will shift? (D or S) Which direction? (left or right) (ii) Briefly state why. (iii) Show the change on the graph above. (iv) After the change, the equilibrium price will (increase, decrease, stay the same) and the equilibrium quantity will (increase, decrease, stay the same)

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