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Answer choices:
a. demand increases
b. supply increases
c. it moves along the demand and supply curves
d, supply decreases
e. price never shifts the curve
f. demand increases
Questions:
1. What happens when only a change in price occurs in the marketplace?
2. New grilling technology cuts production time in half. What happens to demand and/or supply for hamburgers?
3. Price of chicken sandwiches (a substitute) increases. What happens to demand and/or supply for hamburgers?
4. Price of hamburgers decreases. What happens to demand and/or supply for hamburgers?
5. Price of ground beef triples. What happens to demand and/or supply for hamburgers?
6. Human fingers found in multiple burger restaurants. What happens to demand and/or supply for hamburgers?
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