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Komok [63]
3 years ago
12

The price of beef rises significantly, what will happen in the market for fast-food hamburgers assuming nothing else happens in

the market?
A. Supply decreases, pushing prices lower.
B. Supply increases, pushing prices lower.
C. Supply decreases, pushing prices higher.
D. Supply increases, pushing prices higher.
Business
1 answer:
romanna [79]3 years ago
5 0

Answer:

Option (c) is correct.

Explanation:

We know that beef is used as an ingredient or input in making hamburgers. If the price of the input i.e beef increases then as a result supply of hamburgers decreases because of the higher cost of production. This will shift the supply curve leftwards, its shows that lesser supply with same level of demand will lead to higher prices of hamburgers.

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Unfortunately, Angie doesn't have enough money in her account right now. She needs to make additional contributions at the end o
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Explanation:

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3 years ago
What type of body language are helpful when saying no to a situation
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3 years ago
On December 31, 20X1, Ball Company leased a machine from Cook for a 10-year period, expiring December 30, 20Y1. Annual payments
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3 years ago
Zander Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at
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Answer:

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3 years ago
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