State whether each of the following events will result in a movement along the demand curve for McDonald's Big Mac hamburgers or whether it will cause the curve to shift. The price of Burger King's Whopper hamburger increases. This will cause O A. demand for McDonald's Big Mac hamburgers to decrease. O B. demand for McDonald's Big Mac hamburgers to increase. O C. a movement along the demand curve for McDonald's Big Mac hamburgers. McDonald's distributes $1.00 off coupons. This will cause O A. demand for McDonald's Big Mac hamburgers to shift to the left. O B. demand for McDonald's Big Mac hamburgers to shift to the right. OC. a movement along the demand curve for McDonald's Big Mac hamburgers. The price of fries decreases due to a potato surplus. This will O A. decrease the demand for McDonald's Big Mac hamburgers. O B. increase the demand for McDonald's Big Mac hamburgers. O C. cause a movement along the demand curve for McDonald's Big Mac hamburgers. The U.S. economy enters a period of decline in incomes. This will cause O A. demand for McDonald's Big Mac hamburgers to shift to the right if they are inferior goods. OB. demand for McDonald's Big Mac hamburgers to shift to the left if they are inferior goods. OC. a movement along the demand curve for McDonald's Big Mac hamburgers if they are normal goods.
State whether each of the following events will result in a movement along the demand curve for McDonald's Big Mac hamburgers or whether it will cause the curve to shift. The price of Burger King's Whopper hamburger increases. This will cause O A. demand for McDonald's Big Mac hamburgers to decrease. O B. demand for McDonald's Big Mac hamburgers to increase. O C. a movement along the demand curve for McDonald's Big Mac hamburgers. McDonald's distributes $1.00 off coupons. This will cause O A. demand for McDonald's Big Mac hamburgers to shift to the left. O B. demand for McDonald's Big Mac hamburgers to shift to the right. OC. a movement along the demand curve for McDonald's Big Mac hamburgers. The price of fries decreases due to a potato surplus. This will O A. decrease the demand for McDonald's Big Mac hamburgers. O B. increase the demand for McDonald's Big Mac hamburgers. O C. cause a movement along the demand curve for McDonald's Big Mac hamburgers. The U.S. economy enters a period of decline in incomes. This will cause O A. demand for McDonald's Big Mac hamburgers to shift to the right if they are inferior goods. OB. demand for McDonald's Big Mac hamburgers to shift to the left if they are inferior goods. OC. a movement along the demand curve for McDonald's Big Mac hamburgers if they are normal goods.
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 10PA
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Transcribed Image Text:State whether each of the following events will result in a movement along the demand curve for McDonald's Big Mac hamburgers or whether it will cause the curve to shift.
The price of Burger King's Whopper hamburger increases. This will cause
O A. demand for McDonald's Big Mac hamburgers to decrease.
OB. demand for McDonald's Big Mac hamburgers to increase.
O C. a movement along the demand curve for McDonald's Big Mac hamburgers.
McDonald's distributes $1.00 off coupons. This will cause
O A. demand for McDonald's Big Mac hamburgers to shift to the left.
O B. demand for McDonald's Big Mac hamburgers to shift to the right.
O C. a movement along the demand curve for McDonald's Big Mac hamburgers.
The price of fries decreases due to a potato surplus. This will
O A. decrease the demand for McDonald's Big Mac hamburgers.
O B. increase the demand for McDonald's Big Mac hamburgers.
O C. cause a movement along the demand curve for McDonald's Big Mac hamburgers.
The U.S. economy enters a period of decline in incomes. This will cause
O A. demand for McDonald's Big Mac hamburgers to shift to the right if they are inferior goods.
B. demand for McDonald's Big Mac hamburgers to shift to the left if they are inferior goods.
C. a movement along the demand curve for McDonald's Big Mac hamburgers if they are normal goods.
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