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Quiz 03 were Question 1 0 / 1 pts The price of a hamburger at a fast food restaurant increases from $2.30 to $3.50. The law of demand predicts...

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Quiz 03
were
Question 1
0 / 1 pts
The price of a hamburger at a fast food restaurant increases from $2.30 to $3.50. The law of
demand predicts that
Correct Answer
consumers will buy fewer hamburgers at the fast food restaurant.
C
consumers will purchase more French Fries at the fast food restaurant.
C
consumers will buy more hamburgers at the fast food restaurant.
consumers' purchases of hamburgers at the fast food restaurant will not change.
The law of demand states that as the price of a product increases, consumers will purchase less of
the product, and vice versa.

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