The demand for hamburgers in your hometown shifts due to an increase in the price of tacos. Choose the answer that best describes the shift and the effect on equilibrium price and quantity that results. A. The demand curve shifts to the right, and results in a fall in the equilibrium price and a rise in the equilibrium quantity. B. The demand curve shifts to the right, and results in a rise in the equilibrium price and a fall in the equilibrium quantity. C. The demand curve shifts to the right, and results in a fall in the equilibrium price and quantity. D. The demand curve shifts to the right, and results in a rise in the equilibrium price and quantity.
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Home » Mathematics » The demand for hamburgers in your hometown shifts due to an increase in the price of tacos. Choose the answer that best describes the shift and the effect on equilibrium price and quantity that results. A.