Equilibrium price for your good or service

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Reference no: EM138674

Q1. Classify the equilibrium price.

What would happen if suppliers charge less than the equilibrium price for your good or service? What happens if they charge more? Include surplus and shortage in your responses.

Q2. How does having a menu that is uniform around the country provide McDonald's with economies of scale? How is menu planning made more complex by expanding into other countries?

Reference no: EM138674

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