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State whether the following will result in a change in demand or a change in quantity demanded. Explain.
a-The price of Burger King hamburgers decline
b- Mc Donald’s distributes coupons for $1.00 off the price of its hamburgers
c- Because of a shortage of potatoes, the price of French fries increases
d- Fast food restaurants post nutrition labels on their menu.
e- The US economy enters a period with rapid growth in income
Both the buyers and sellers of good x, and the distribution of the benefits will be dependent on the elasticity of demand and the elasticity of supply.
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