Business, 05.04.2021 23:50 guzmangisselle

Suppose a local McDonald's hamburger restaurant raises the price of its cheeseburgers from $2.00 to $2.50. What will happen to the quantity of McDonald's cheeseburgers demanded? If McDonald's raises the price of it's cheeseburgers, then A. all of McDonald's customers will continue to demand McDonald's cheeseburgers because McDonald's faces no competition. B. some of McDonald's customers, but not all of them, will still demand McDonald's cheeseburgers because cheeseburgers from fast-food restaurants are identical. C. some of McDonald's customers, but not all of them, will still demand McDonald's cheeseburgers because this restaurant may be closer to them . D. none of McDonald's customers will continue to demand McDonald's cheeseburgers because they can buy comparable cheeseburgers from other fast-food restaurants. E. all of McDonald's customers will continue to demand McDonald's cheeseburgers because cheeseburgers from other fast-food restaurants are at least slightly differentiated.

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Suppose a local McDonald's hamburger restaurant raises the price of its cheeseburgers from $2.00 t...

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