Description of this paper

In 2001, Bob's Burgers charged $1.50

Description

solution


Question

In 2001, Bob's Burgers charged $1.50 for a quarter-pound hamburger with all the fixin's, and;sold 7,500 of them. In 2002, although Bob raised the price to $1.75, sales of quarter-pound;burgers rose to 8,200. Explain why this does not represent a violation of the law of demand.

 

Paper#31047 | Written in 18-Jul-2015

Price : $22
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