EFE EFBWII(E) What happens to the market demand for McDonald\'s hamburgers when
ID: 1136397 • Letter: E
Question
EFE EFBWII(E) What happens to the market demand for McDonald's hamburgers when l? B1. McDonald's increases the price of its hamburgers, while the price of Burger King's hamburgers remains unchanged.. B2. Burger King reduces the price of its hamburgers, while the price of McDonald's hamburgers is unchanged. B3. Scientific studies show that eating McDonald's hamburgers improves your chance of finding a great boyfriend or girlfriend. These are three questions, each presenting a change in the demand environment for McDonald's hamburgers.. For cach question, you should begin b McDonald's hamburgers. For each question, you must both explain your answer verbally and illustrate your answer graphically. Label the axes of your graph and label or otherwise identify the curve(s) in your graph. If you use abbreviations, state what the abbreviations mean. Each question is independent of the others and assumes "other things being equal." y drawing a typical market demand curve for For each question, your explanation should state: (a) the demand curve to which the result pertains (it is: "the demand curve for McDonald's hamburgers").. (b) whether the result involves "a movement along" the dEmand curve or "a shift in" the demand curve. (c) the direction of the "movement along" or "shift." (d) why the "moving along" or "shift" occurs..Explanation / Answer
B1 The market demand for Macdonald will fall because the Macdonald’s hamburgerand Burger King’s hamburger are substitutes. Therefore people will demand more of Burger King’s.
B2 Reduce the demand for Macdonald’s as the two are perfect substitutes.
Increase the demand for MacDonald if Singles are more fond of Hamburgers.
Please post unrelated questions separately. We are supposed to donly these many sub-parts.
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