Which of the following will decrease the demand for labor in the fast-food hamburger industry?
A) a decrease in the cost of producing the hamburgers, e.g., lower wage rate
B) the price of pizza, a substitute for hamburgers, decreases
C) the price of pizza, a substitute for hamburgers, increases
D) more advanced technology is used in making fast-food hamburgers
E) the price of hamburgers increases
Correct Answer:
Verified
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