A Changes in Which of the Following Shifts the Demand

question 363

Multiple Choice

A changes in which of the following shifts the demand curve for hamburgers?

• A) an increase in the price of the meat used to produce hamburgers
• B) an increase in the price of a hamburger
• C) a fall in the price of french fries, a complement for hamburgers
• D) an increase in the number of hamburger restaurants

---

Definitions:

Confidence Interval

A span of numbers, obtained from sample observations, which is expected to include the value of an unobserved population attribute at a certain confidence level.

Standard Error

A statistic that measures the dispersion of sample means around the population mean, often used to estimate the precision of sample statistics.

Regression Line

A straight line that best fits the data in a linear regression analysis, representing the relationship between the independent and dependent variables.

Slope

The measure of the steepness or incline of a line, indicating the rate at which the y-value changes relative to the x-value.