An increase in the number of fast-food restaurants
A) raises the price of fast-food meals.
B) increases the demand for fast-food meals.
C) increases the supply of fast-food meals.
D) increases the demand for substitutes for fast-food meals.
Correct Answer:
Verified
Q156: The "law of supply" states that, other
Q157: Q158: The quantity supplied of a good or Q159: A recession occurs and people's incomes decrease. Q160: A fall in the price of a Q162: Auto workers negotiate a wage increase. How Q163: Which of the following decreases the supply Q164: A bakery can produce either cakes or Q165: Which of the following decreases the supply Q166: Good A and good B are substitutes
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents