3.2.2 Shifters
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Last updated over 2 years ago
1 question
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1
What happens to the supply or demand for In-n-Out Double Doubles if the following happens? (Assume double doubles are normal goods.)
What happens to the supply or demand for In-n-Out Double Doubles if the following happens? (Assume double doubles are normal goods.)
- A new tractor has been invented that harvests π 10x faster.
- Everyone's taxes increase. π
- π§ prices π
- The US government cuts corporate taxes for all restaurants.
- Shake Shack is slashing their π prices in half. ππ½
- A mega drought hits the Western US from which all π are grown.
- 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. ππ½
- In-n-Out cuts its price for fountain π₯€ to 25Β’
- In-n-Out increases the price of their fries by 200%. π€
- Truckers for all long-haul agricultural trucking go on strike.
- There is a 10% decrease in the US population.
- π prices π
- People find out that In-n-Out is actually a racist, sexist, homophobic, and downright evil company. π‘
- There is a 10% increase in the US population. πΆπΌ
- The Habit is doubling their prices. π
- Everyone in the USA gets π°from our governemnt
- The US government institutes a tax on all fast food companies of 5%.
- Increase in Demand
- Decrease in Demand
- Increase in Supply
- Decrease in Supply