In 2002 - 2003, some McDonalds' franchise owners reported that profits were declining from selling the discounted items from the Dollar Menu. This suggests that:
A) those items are price elastic.
B) those items are price inelastic.
C) those items are price unitary elastic.
D) none of the above.
B
Economics
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Which of the following would cause the demand curve for DVDs to shift to the right?
a. a decrease in the price of DVDs b. a decrease in the price of DVD players c. a change in the tastes towards watching movies in movie theaters d. a decrease in the number of people in the market for DVDs
Economics
Economists believe it is feasible and desirable to reduce environmental damage to zero.
Answer the following statement true (T) or false (F)
Economics