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The Marshall Lions Club Increased the Price of Hamburgers at Their

Question 153

Multiple Choice

The Marshall Lions Club increased the price of hamburgers at their Celebrate Marshall Festival and found that revenues increased. This is likely because, ceteris paribus,


A) the quality of the hamburgers was different
B) the demand for their hamburgers was inelastic
C) the demand for their hamburgers was elastic
D) the quality of the hamburgers was lower
E) more people came to the festival

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