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Show the effect of lower labour costs on price

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Reference no: EM131611676

Question: Tim Hortons' Risks Tim Hortons has exploded to become a dominant player among quick-serve restaurants. In 2001, it took the risk by switching to centralized production of baked goods, which lowered its labour costs and increased its sales volume. Draw a graph to show the effect of lower labour costs on the price of Tim's baked goods and the quantity sold.

Reference no: EM131611676

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