Question

The consumer market for hamburgers when there is a decrease in the price of hotdogs (assuming...

The consumer market for hamburgers when there is a decrease in the price of hotdogs (assuming hamburgers and hotdogs are substitutes)

A. Increase in Demand for hamburgers

B. Decrease in Demand for hamburgers

C. Increase in Quantity Demanded for hamburgers

D. Decrease in Quantity Demanded for hamburgers

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Answer #1

Substitute goods : which can be used in place of each other, So decrease in price of good-a result into increase in quantity

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