Soru
The price of the cheese that goes on top of a burger rose 18 percent during 2020. Did this higher price change the quantity of burgers supplied or the supply of burgers? The rise in the price of cheese __ A. increased the supply of burgers B. increased the quantity of burgers supplied C. decreased the quantity of burgers supplied D. decreased the supply of burgers
Çözüm
4.7
(256 Oylar)
Zeki
Usta · 5 yıl öğretmeni
Uzman doğrulaması
Cevap
B. increased the quantity of burgers supplied
Daha Fazla
## Step 1The problem is about the concept of supply in economics. The supply of a good refers to the total amount of that good that producers are willing and able to sell at a given price. The quantity supplied, on the other hand, refers to the specific amount of a good that producers are willing and able to sell at a given price.## Step 2When the price of a good increases, producers are generally more willing and able to supply more of that good. This is because the higher price provides an incentive for producers to produce more of the good, as they can make more profit.## Step 3In this case, the price of cheese, which is a component of a burger, has risen. This means that the cost of producing a burger has increased. As a result, producers may be less willing and able to produce as many burgers as before, leading to a decrease in the quantity of burgers supplied.## Step 4However, the supply of burgers, which is the total amount of burgers that producers are willing and able to sell at a given price, may not necessarily decrease. This is because the higher price of cheese may also lead to an increase in the supply of cheese, which could offset the decrease in the supply of burgers.