On the following graph, adjust the supply and demand curves to illustrate the first group's explanation for the increase in the price of cheeseburgers. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. Supply Demand Supply Demand QUANTITY (Cheeseburgers) PRICE (Dollars per cheeseburger)

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Chapter1: Making Economics Decisions
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On the following graph, adjust the supply and demand curves to illustrate the first group's explanation for the increase in the price of cheeseburgers.
Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back
to its original position, just drag it a little farther.
(?)
Supply
Demand
Supply
Demand
QUANTITY (Cheeseburgers)
PRICE (Dollars per cheeseburger)
Transcribed Image Text:On the following graph, adjust the supply and demand curves to illustrate the first group's explanation for the increase in the price of cheeseburgers. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. (?) Supply Demand Supply Demand QUANTITY (Cheeseburgers) PRICE (Dollars per cheeseburger)
15. Another supply and demand puzzle
The market price of cheeseburgers in a college town increased recently, and the students in an economics class are debating the cause of the price
increase. Some students suggest that the price increased because several burger joints in the area have recently gone out of business. Other students
attribute the increase in the price of cheeseburgers to a recent increase in the price of calzones at local pizza parlors.
Everyone agrees that the increase in the price of calzones was caused by a recent increase in the price of pizza dough, which is not generally used in
making cheeseburgers. Assume that burger joints and pizza parlors are entirely separate entities-that is, there aren't places that serve both
cheeseburgers and calzones.
The first group of students thinks the increase in the price of cheeseburgers is due to the fact that several burger joints in the area have recently gone
out of business.
On the following graph, adjust the supply and demand curves to illustrate the first group's explanation for the increase in the price of cheeseburgers.
Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back
to its original position, just drag it a little farther.
Transcribed Image Text:15. Another supply and demand puzzle The market price of cheeseburgers in a college town increased recently, and the students in an economics class are debating the cause of the price increase. Some students suggest that the price increased because several burger joints in the area have recently gone out of business. Other students attribute the increase in the price of cheeseburgers to a recent increase in the price of calzones at local pizza parlors. Everyone agrees that the increase in the price of calzones was caused by a recent increase in the price of pizza dough, which is not generally used in making cheeseburgers. Assume that burger joints and pizza parlors are entirely separate entities-that is, there aren't places that serve both cheeseburgers and calzones. The first group of students thinks the increase in the price of cheeseburgers is due to the fact that several burger joints in the area have recently gone out of business. On the following graph, adjust the supply and demand curves to illustrate the first group's explanation for the increase in the price of cheeseburgers. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther.
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