Amelia's Authentic, a food court stall at a local shopping mall, has experienced a recent slump in revenue despite not making any changes to the menu, recipes, or pricing. Which of the following is not a reasonable hypothesis for what is driving this revenue dip? A) Decreased spending power of local consumers B) New competitor in the food court selling similar food C) Decreased foot traffic within the shopping mall D) Increased raw materials costs for meat and dairy
Amelia's Authentic, a food court stall at a local shopping mall, has experienced a recent slump in revenue despite not making any changes to the menu, recipes, or pricing. Which of the following is not a reasonable hypothesis for what is driving this revenue dip? A) Decreased spending power of local consumers B) New competitor in the food court selling similar food C) Decreased foot traffic within the shopping mall D) Increased raw materials costs for meat and dairy
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Amelia's Authentic, a food court stall at a local shopping mall, has experienced a recent slump in revenue despite not making any changes to the menu, recipes, or pricing. Which of the following is not a reasonable hypothesis for what is driving this revenue dip?
A) Decreased spending power of local consumers
B) New competitor in the food court selling similar food
C) Decreased foot traffic within the shopping mall
D) Increased raw materials costs for meat and dairy
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