If the Price of Hamburger Increases, the Substitution Effect Works

question 100

Multiple Choice

If the price of hamburger increases, the substitution effect works to

• A) decrease the quantity of hamburger supplied.
• B) increase the number of hamburger buns demanded.
• C) decrease the quantity of hamburger demanded.
• D) increase the number of hamburger buns supplied.

---

Definitions:

Clause-by-clause

Refers to an approach of reviewing or negotiating a contract or document by examining each clause separately to understand its implications fully.

Copyright Act

Legislation that grants creators exclusive rights to their original works of authorship, such as literary, musical, and visual works, for a specified period.

Revised Statutes

Updated or amended statutes.

Canada

A country located in the northern part of North America, known for its vast landscapes, multicultural heritage, and bilingual English-French speaking population.