If There Is an Increase in the Demand for Restaurant

question 144

Multiple Choice

If there is an increase in the demand for restaurant meals in an economy in the short run,_____

• A)the losses incurred by each restaurant will increase.
• B)the price charged by each restaurant will fall.
• C)there will be an increase in the number of restaurants in the economy.
• D)there will be a decrease in the number of restaurants in the economy.
• E)the profit incurred by each restaurant will increase.

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Definitions:

Group Polarization

A group's propensity to opt for decisions that are more pronounced in extremity than the early tendencies of its members.

Acquittal

A legal judgment that a person is not guilty of the crime with which they have been charged.

Favor

An act of kindness beyond what is due or usual.

Group Polarization

The inclination of a group to reach decisions that are more radical than the individual preferences of its members initially.