Homework Answers
B-1
As per the law of demand, the decrease in price, will lead to the increase in quantity demanded of Hamburgers produced by McDonald. Here, the increase in demand will be along the demand curve of McDonald's Hamburger.
B-2
It will cause the demand of hamburgers produced by McDonald to increase and shift to the right direction. It will happen because hamburger of Burger King is the substitute and increase in price of its burger, will shift demand to the hamburger of McDonald.
B-3
It will cause demand of McDonald's hamburgers to decrease and demand curve will shift to the left direction. It will happen because people find it harmful to their health if they consume hamburgers.
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What happens to the market demand for McDonald's hamburgers when? BI. McDonald's increases the price of...
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