Describe why this does not represent a violation of the law

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Q. Which of the subsequent best explains illustrate what a forward contract is?

Q. In 2005, Bob's Burgers charged $1.50 for a quarter-pound hamburger with all the fixin's also sold 7,500 of them. In 2006, although Bob raised the price to $1.75, trades of quarter-pound burgers rose to 8,200. Describe why this does not represent a violation of the law of demand.

Reference no: EM1343873

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