Economics

posted by .

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?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Economics

    1.Which of the following is consistent with the law of supply?
  2. Economics are these correct

    Are these correct? Thanks, Answer is next to number of question C 1. Which of the following is consistent with the law of supply?
  3. math

    the hotdog shack sold 359 hotdogs during their 2-day grand opening celebration on saturday and sunday. the number of hotdogs sold on sunday was 13 less than twice the number of hotdogs sold on saturday. how many hotdogs did the hotdog …
  4. Economics

    We're looking at the market for cat food. When the price is $10, the quantity sold is 1000 bags. When the price drops 10%, the quantity sold increases 30%. Calculate the price elasticity of demand. (Answer in format X.XX, round to …
  5. math

    You are hosting a cookout for 24 people and are supplying the main dishes and several sides. You must take a trip to the grocery store in order to purchase all of the items you need. You know that hotdogs are $1.50 per package and …
  6. math

    You are planning a cookout and plan on serving hotdogs. The hotdogs are sold in packages of eight, but the hotdog buns are sold in packages of ten. What is the smallest number of packages of each that must be bought so that there are …
  7. Microeconomics

    Suppose that the price of product X rises by 20 percent and the quantity supplied of X increases by 15 percent. The coefficient of price elasticity of supply for good X is?
  8. Economics

    Popcorn and coke are complements because the are often enjoyed together. When the price of coke rises, what happens to the supply, demand, quantity supplied, quantity demanded, and the price in the market for popcorn?
  9. please help, Word problem

    At a local baseball game, the concession stand has two different meal choices. you can get 3 hotdogs and 5 drinks for $25.00 or you can get 6 hotdogs and 4 drinks for $29.00. If the price of hotdogs and drinks is the same for each …
  10. Math

    At a local baseball game, the concession stand has two different meal choices. You can get 3 hotdogs and 1 drinks for $18.00 or you can get 2 hotdogs and 4 drinks for $22.00. If the price of hotdogs and drinks is the same for each …

More Similar Questions