An increase in the number of fast-food restaurants

Question

Quizplus · Accepted Answer

An increase in the number of fast-food restaurants will lead to an increase in the supply of fast-food meals. This is because there are now more places for people to buy fast-food, which will increase the quantity of fast-food meals available in the market. It does not necessarily mean that there will be an increase in demand or price for fast-food meals, as those factors are determined by other factors such as consumer preferences and competition among restaurants.

An Increase in the Number of Fast-Food Restaurants