The Demand for Meals at a Local Tim Hortons Will

question 135

Multiple Choice

The demand for meals at a local Tim Hortons will shift to the left if:

• A) Saladworks (a competitor)offers a 10% discount coupon in the local newspaper.
• B) the price of a meal at Tim Hortons rises.
• C) local incomes increase and Tim Hortons meals are a normal good.
• D) the price of gasoline falls in the area.

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Definitions:

Hourly Wage

The amount of money that an employee is paid for each hour of work.

Production Workers

Production workers are employees involved in the manufacturing process or operations of producing goods and services.

Wages

Compensation provided to workers for their work or services, commonly determined by the hour, day, or by the piece.

Wage Rates

The amount of money received per hour, day, or another unit of time for labor services.