How is each of the following events likely to shift the supply curve or demand curve for fast-food hamburgers in the United States?
Fast-Food Economics Quiz
Test your knowledge of the economic factors affecting the supply and demand of fast-food hamburgers in the United States! Dive into various hypothetical scenarios and assess how these changes influence market dynamics.
Whether you're a student of economics, a food enthusiast, or just curious about market trends, this quiz will provide valuable insights!
A. The price of beef triples
Demand curve shifts in
Demand curve shifts out
Supply curve shifts in
Supply curve shifts out
Supply curve and demand curve shifts in
Supply curve and demand curve shifts out
Supply curve shifts in and demand curve shifts out
Supply curve shifts out and demand curve shifts in
Andet
Det ved jeg ikke
B. The price of chicken falls by half
Demand curve shifts in
Demand curve shifts out
Supply curve shifts in
Supply curve shifts out
Supply curve and demand curve shifts in
Supply curve and demand curve shifts out
Supply curve shifts in and demand curve shifts out
Supply curve shifts out and demand curve shifts in
Andet
Det ved jeg ikke
C. The number of teenagers in the economy falls due to population aging
Demand curve shifts in
Demand curve shifts out
Supply curve shifts in
Supply curve shifts out
Supply curve and demand curve shifts in
Supply curve and demand curve shifts out
Supply curve shifts in and demand curve shifts out
Supply curve shifts out and demand curve shifts in
Andet
Det ved jeg ikke
D. Mad cow disease, a rare but fatal medical condition caused by eating tainted beef, becomes common in the United States
Demand curve shifts in
Demand curve shifts out
Supply curve shifts in
Supply curve shifts out
Supply curve and demand curve shifts in
Supply curve and demand curve shifts out
Supply curve shifts in and demand curve shifts out
Supply curve shifts out and demand curve shifts in
Andet
Det ved jeg ikke
E. The Food and Drug Administration publishes a report stating that a certain weight-loss diet, which encourages the intake of large amounts of meat, is dangerous to one's health
Demand curve shifts in
Demand curve shifts out
Supply curve shifts in
Supply curve shifts out
Supply curve and demand curve shifts in
Supply curve and demand curve shifts out
Supply curve shifts in and demand curve shifts out
Supply curve shifts out and demand curve shifts in
Andet
Det ved jeg ikke
F. An inexpensive new grill for home-use that makes delicious hamburgers is heavily advertised on television
Demand curve shifts in
Demand curve shifts out
Supply curve shifts in
Supply curve shifts out
Supply curve and demand curve shifts in
Supply curve and demand curve shifts out
Supply curve shifts in and demand curve shifts out
Supply curve shifts out and demand curve shifts in
Andet
Det ved jeg ikke
G. The dollar rises relative to foreign currencies, so that it becomes expensive for foreign tourists to travel to the United States on vacation
Demand curve shifts in
Demand curve shifts out
Supply curve shifts in
Supply curve shifts out
Supply curve and demand curve shifts in
Supply curve and demand curve shifts out
Supply curve shifts in and demand curve shifts out
Supply curve shifts out and demand curve shifts in
Andet
Det ved jeg ikke
H. The minimum wage rises
Demand curve shifts in
Demand curve shifts out
Supply curve shifts in
Supply curve shifts out
Supply curve and demand curve shifts in
Supply curve and demand curve shifts out
Supply curve shifts in and demand curve shifts out
Supply curve shifts out and demand curve shifts in
Andet
Det ved jeg ikke
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