Managers of Wendy's Fast Food Restaurants Keep Track of Prices

Multiple Choice

Managers of Wendy's fast food restaurants keep track of prices at competitors such as McDonald's,Burger King,and Arby's,knowing that a decrease in the prices at these other fast food restaurants will

A) increase the income effect for their products.
B) increase demand for their products.
C) decrease the income effect for their products.
D) increase the complementary effect for their products.
E) decrease demand for their products.