Asked by Vritra Official on May 11, 2024
Verified
An increase in the price of hamburger would probably result in _____ in the demand for hamburger buns.
A) a decrease
B) an increase
C) no change
D) random fluctuations
Hamburger Buns
The bread used specifically for holding a hamburger patty along with its toppings.
- Grasp the importance of market responses to changes in complementary and substitute goods’ prices.
Verified Answer
AH
Armando HernandezMay 14, 2024
Final Answer :
A
Explanation :
When the price of hamburger increases, people may be less likely to buy hamburgers, causing a decrease in demand for hamburger buns. This is because the two goods are complements, meaning they are typically consumed together.
Learning Objectives
- Grasp the importance of market responses to changes in complementary and substitute goods’ prices.
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