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:

Offshoring

The practice of relocating business processes or production to another country, typically to leverage lower labor costs or specialized skills.

Manufacturing Jobs

Positions or occupations involved in the production of goods in factories, involving both manual labor and operation of machinery.

Management Knowledge

The body of information and skills related to organizing, planning, directing, and controlling resources for achieving organizational objectives.

American Management Association

The American Management Association is a professional organization that provides a vast range of management development and educational services for individuals and organizations.