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August 1, 2014

Homework Help: Economics

Posted by London on Sunday, July 17, 2011 at 11:47pm.

What is the effect on the price of hotdogs and the quantity of hotdogs sold if:

a.) The price of a hamburger rises?
b.) The price of a hotdog bun rises?
c.) The supply of hotdog sausages increases?
d.) Consumers' incomes increase if hotdogs are a normal good?
e.) The wage rate of a hotdog seller increases?
f.) If the wage rate of the hotdog seller rises and at the same time prices of ketchup, mustard, and relish fail?

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