Ask Question
BusinessBusiness
16 September, 10:59

The price of beef rises significantly, what will happen in the market for fast-food hamburgers assuming nothing else happens in the market?

A. Supply decreases, pushing prices lower.

B. Supply increases, pushing prices lower.

C. Supply decreases, pushing prices higher.

D. Supply increases, pushing prices higher.

+4
Answers (1)
  1. 16 September, 11:18
    0
    Option (c) is correct.

    Explanation:

    We know that beef is used as an ingredient or input in making hamburgers. If the price of the input i. e beef increases then as a result supply of hamburgers decreases because of the higher cost of production. This will shift the supply curve leftwards, its shows that lesser supply with same level of demand will lead to higher prices of hamburgers.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The price of beef rises significantly, what will happen in the market for fast-food hamburgers assuming nothing else happens in the market? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
1. An investor owns 250 shares of ABC Company stock and its shares are trading at $80 per share. The company does a stock split of 2:1. How many shares will the investor now own? What will be the price per share? E COE
Answers (1)
Increased investment alone will guarantee economic growth. A. This is a false statement, because an economy must rely on capital injections from abroad. B. This is a true statement, because money is the only resource needed for growth. C.
Answers (1)
Gold Standard: French franc. Before World War I, $20.67 was needed to buy one ounce of gold. If, at the same time, one ounce of gold could be purchased in France for FF410.00, what was the exchange rate between French francs and U. S. dollars
Answers (1)
You lease a storeroom on a percentage basis. The lease calls for a minimum rental of $300 per month and 5% of the gross annual sales over $80,000. How much is the annual rent with a gross annual business of $150,000?
Answers (1)
In this particular state, real estate agents tend to inspect properties in order to tell their clients of any defects that the property may have. Katherine was Leslie's real estate agent.
Answers (1)
New Questions in Business
Sharp Focus Cameras is facing intense competitive pressure. Top marketing managers are looking for ways to cut costs. They are considering a plan to cut distribution costs by eliminating marketing intermediaries from the channel of distribution.
Answers (1)
Older adults who participated in 20 one-hour video game training sessions with the program lumosity showed reduction in their:
Answers (1)
The total of tools, equipment, machinery, and buildings used to produce goods and services is called supply. True or False
Answers (1)
What percentage of federal revenues is made up of corporate taxes
Answers (1)
F Rudy offers Oscar $200 for his laptop valued at $600 and Oscar agrees, a court will probably
Answers (1)
Home » Business » The price of beef rises significantly, what will happen in the market for fast-food hamburgers assuming nothing else happens in the market? A. Supply decreases, pushing prices lower. B. Supply increases, pushing prices lower. C.
Sign Up Forgot Password?