Hot dogs and hamburgers are substitutes in consumption. If there is a decrease in the price of hot dogs, we would predic
Posted: Sun Jun 05, 2022 4:02 pm
Hot dogs and hamburgers are substitutes in consumption. If there
is a decrease in the price of
hot dogs, we would predict that in the market for hamburgers
A) equilibrium price will fall but quantity will increase
B) both equilibrium price and quantity will decrease
C) both equilibrium price and quantity will increase
D) equilibrium price will increase and quantity will decrease
is a decrease in the price of
hot dogs, we would predict that in the market for hamburgers
A) equilibrium price will fall but quantity will increase
B) both equilibrium price and quantity will decrease
C) both equilibrium price and quantity will increase
D) equilibrium price will increase and quantity will decrease