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In the summer picnic season, a sharp rise of burgers may lead to an increase in demand for

A.buns
B.relish
C.chicken
D.coleslaw

1 Answer

4 votes

Final answer:

The demand for hamburgers can be influenced by the prices of substitute and complement goods. If the price of a substitute good increases, it may lead to an increase in the demand for hamburgers. If the price of a complement good increases, it may reduce the demand for hamburgers.

Step-by-step explanation:

In economics, the demand for a good is influenced by various factors, including the prices of substitute and complement goods.

If the price of a substitute good, like hot dogs, increases, consumers may shift their demand towards hamburgers leading to an increase in the demand for hamburgers.

Similarly if the price of a complement good, like hamburger buns, increases, it may reduce the demand for hamburgers as consumers may find it more expensive to purchase both the burgers and buns together.

Therefore, if both the price of a substitute good and a complement good increase, it is difficult to determine the exact impact on the demand for hamburgers without considering other factors.

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