Answer to Question #89965 in Microeconomics for Josiah

Question #89965
Consider the demand for hamburger.If the price of substitute good (hot dogs)increases and the price of complement good (hamburger buns) increases what will happen to the demand of hamburger and illustrate your answer on graph
1
Expert's answer
2019-05-20T16:16:20-0400

If the price of substitute good (hot dogs) increases, then the demand of hamburger will increase, and if the price of complement good (hamburger buns) increases, then the demand of hamburger will decrease, so the resulting change in demand can't be determined.


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