PLEASE HELP! state whether each of the following events will result in a movemen

Question

PLEASE HELP!

state whether each of the following events will result in a movement along the demand curve for McDonald's big Mac hamburgers or whether it will cause the curve to shift.If the demand curve shifts, indicate whether it will shift to the left or the right and draw a graph to illustrate the shift.

A.the price of burger king's whopper hamburger declines.

B. McDonald's distributes coupons for $1.00 off the purchase of a big mac.

C. Because of a shortage of potatoes, the price of french fries increases.

D. Fast food restaurants post nutrition warning labels.

E. the U.S economy enters a period of rapid growth in incomes.

Explanation / Answer

A. The demand will shift to the left.Burger Kingis a substitutes.People will buy less Mc.
B.It will move along thedemand curve. Due to a price reduction, quantity demanded will increase.
C.Fries are complement good.The demand for Mc. will shift to the left.
D.The demand for MC. will shift to the right.KFCis substitutes. People will buy less KFC,but MC.

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