Question
There'scurrentlyalimitonhowmuchyoucanspendatJollibeeinVancouver If you live in or around Vancouver, then chances are high that you've heard about theJollibee on Granville Street openingor seenphotos and videos of
There'scurrentlyalimitonhowmuchyoucanspendatJollibeeinVancouver
If you live in or around Vancouver, then chances are high that you've heard about theJollibee on Granville Street openingor seenphotos and videos of the massive lineof folks waiting to get some grub. The long linestretched around the blockand was consistent over the eatery's opening weekend, making this one of the biggest fast-food restaurant openings we've witnessed in a while. The Filipino fast-food chain's first BC location is clearly bumpin', hence the need for a limit on how much you can spend once you reach the front of the queue. A representative for Jollibee confirmed to Dished that a $75-per-person limit is currently in place for the Granville Street location. This limit was implemented on opening day and is still in effect until an undisclosed date. So for those of you who were planning on racking up a serious Jollibee bill at the register, heads up you have a spending limit, so choose wisely!
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- Thelonglineresultedinmanypotentialcustomersnotbeingabletogetintotherestaurant.IsthemarketforamealatthisJollibeerestaurantinequilibrium,orshortageorsurplus?Explainclearlyincompletesentences.
- Usingthisinformation,andthinkingcarefully,inthespacebelowdrawthesupplycurveformealsattheJollibeerestaurantinVancouver.Explainasnecessary.
- DoyouthinkthedemandcurveformealsattheJollibeerestaurantinVancouverfollowsthe"LawofDemand"?Whyorwhynot?
- Usingthisinformation,onthesameaxes/graphasyoursupplycurve,drawademandcurvethatrepresentsthedemandbypeopleinandaroundVancouverformealsatJollibee's.
- Whatallocationmethod(s)is(are)beingusedinthismarket?Explainclearly,basedonthereportinthearticle.
- BrieflyexplainwhyJollibeeimplementeda$75perpersonlimit.
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