Asked by Kianna Hendricks on Apr 29, 2024
Verified
The demand for meals at a local Chipotle will shift to the left if:
A) Saladworks offers a 10% discount coupon in the local newspaper.
B) the price of a meal at Chipotle rises.
C) local incomes increase and Chipotle meals are a normal good.
D) the price of gasoline falls in the area.
Shift Left
In software development, the practice of integrating and addressing quality and testing earlier in the development process.
Demand
The total quantity of a good or service that consumers are willing and able to purchase at various prices.
Chipotle
An international chain of fast-casual restaurants specializing in tacos and Mission-style burritos.
- Understand the concept of demand and supply and their determinants.
- Analyze the impact of external factors on the demand and supply of goods.
Verified Answer
CK
Connor KamineskiMay 02, 2024
Final Answer :
A
Explanation :
A shift to the left in the demand curve for Chipotle meals would occur if a substitute, such as Saladworks, becomes more attractive to consumers, which can happen through promotions like a 10% discount coupon. This makes Saladworks a more appealing choice, potentially reducing the demand for Chipotle meals.
Learning Objectives
- Understand the concept of demand and supply and their determinants.
- Analyze the impact of external factors on the demand and supply of goods.