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15 January, 10:25

Suppose that the price of beef rises significantly. what happens in the market for fast-food hamburgers?

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  1. 15 January, 14:06
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    If the price of beef arises significantly, the fast-food hamburgers quantity supply will increase. The reason is Demand Increase: as the price increases, the quantity supply increases. After demand and supply changed, the consumer and seller will negotiate deals after it is adjusted.
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