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Author Question: Which of the following shifts the demand curve for hot dogs leftward? A) an increase in the price ... (Read 43 times)

iveyjurea

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on: Jun 29, 2018
Which of the following shifts the demand curve for hot dogs leftward?
 
  A) an increase in the price of a hot dog bun
  B) a decrease in the price of a hot dog bun
  C) an increase in the price of a hot dog
  D) an increase in the price of a hamburger

Question 2

The figure illustrates the demand for hamburgers. When the price is 1.00 a hamburger, the elasticity of demand is ________ and a 1 percent increase in the price will ________ the quantity of hamburgers demanded by ________ percent.
 
  A) 1.00; decrease; 0.40
  B) 0.40; decrease; 0.40
  C) 2.50; increase; 2.50
  D) 5.00; decrease; 5.00


Koolkid240

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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