Why does a local McDonald's face a downward-sloping demand curve for its Quarter Pounders? If McDonald's raises

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Why does a local McDonald's face a downward-sloping demand curve for its Quarter Pounders? If McDonald's raises the price of Quarter Pounders above the prices other fast-food restaurants charge for hamburgers, won't it lose all its customers?
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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