Multiple Choice
An increase in the number of fast- food restaurants
A) increases the demand for substitutes for fast- food meals.
B) increases the supply of fast- food meals.
C) increases the demand for fast- food meals.
D) raises the price of fast- food meals.
Correct Answer:

Verified
Correct Answer:
Verified
Q63: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -Consider the demand
Q64: The price of cereal rises. As a
Q65: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -In the above
Q66: The equilibrium price is the price at
Q67: The price of the steel used to
Q69: An increase in technology for producing personal
Q70: The "law of demand" predicts that, other
Q71: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -The figure above
Q73: Good A and good B are substitutes
Q388: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above