When McDonald's Runs a Special for Hamburgers Reducing the Price

question 417

Multiple Choice

When McDonald's runs a special for hamburgers reducing the price of Big Macs to $0.99 with all other factors held constant

• A) there is likely to be an increase in the quantity of Taco Bell's Chalupas demanded assuming Big Macs and Chalupas are substitutes.
• B) there is likely to be a decrease in demand for Taco Bell's Chalupas assuming Big Macs and Chalupas are substitutes.
• C) there is likely to be an increase in demand for Taco Bell's Chalupas assuming Big Macs and Chalupas are substitutes.
• D) there is likely to be an increase in demand for McDonald's Big Macs assuming Big Macs and Chalupas are substitutes.

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