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3.2.2 Shifters

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Last updated over 2 years ago
1 question
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Question 1
1.

What happens to the supply or demand for In-n-Out Double Doubles if the following happens? (Assume double doubles are normal goods.)
πŸ… prices πŸš€
In-n-Out increases the price of their fries by 200%. 😀
In-n-Out cuts its price for fountain πŸ₯€ to 25Β’
πŸ§€ prices πŸ“‰
Everyone in the USA gets πŸ’°from our governemnt
People find out that In-n-Out is actually a racist, sexist, homophobic, and downright evil company. 😑
The US government cuts corporate taxes for all restaurants.
A new tractor has been invented that harvests πŸ… 10x faster.
The US government institutes a tax on all fast food companies of 5%.
The Habit is doubling their prices. πŸ‘€
There is a 10% increase in the US population. πŸ‘ΆπŸΌ
Truckers for all long-haul agricultural trucking go on strike.
Everyone's taxes increase. 😭
Shake Shack is slashing their πŸ” prices in half. πŸ™ŒπŸ½
A mega drought hits the Western US from which all πŸ… are grown.
There is a 10% decrease in the US population.
People find out that In-n-Out is being given away to funds and trusts that will use all corporate profits to fight climate change. πŸ‘πŸ½
Increase in Demand
Decrease in Demand
Increase in Supply
Decrease in Supply