Author Question: Which of the following would decrease the price of packaged hot dogs? a. An increase in the price ... (Read 39 times)

saraeharris · **on:** Jun 30, 2018

Which of the following would decrease the price of packaged hot dogs?
a. An increase in the price of hot dog buns, a complement to packaged hot dogs.
b. A decrease in the price of hamburger meat, a substitute for packaged hot dogs.
c. A technological advance that lowers the cost of producing packaged hot dogs.
d. All of these.

Question 2

How would a decrease in the price of the feed grains used to feed cattle affect the market for beef?
a. The demand for beef would increase, increasing beef prices.
b. The demand for beef would decrease, decreasing beef prices.
c. The supply of beef would increase, decreasing beef prices.
d. The supply of beef would decrease, increasing beef prices.