Rice is what you’ll probably end up with these days if your local McDonald's is in Indonesia. With the collapse of the Indonesian currency, the rupiah, in 1998, potatoes...have quintupled in price. That means rice is turning with an increasing frequency as an alternative to the french fry.... It's not hard to fathom why fries are an endangered menu item says Jack Greenberg, CEO of McDonald's: “No one can afford them." Source: Reprinted from December 14, 1998 issue of Business Week, by special permission, copyright © 1998 by The McGraw-Hill Companies, Inc.
Rice is what you’ll probably end up with these days if your local McDonald's is in Indonesia. With the collapse of the Indonesian currency, the rupiah, in 1998, potatoes...have quintupled in price. That means rice is turning with an increasing frequency as an alternative to the french fry.... It's not hard to fathom why fries are an endangered menu item says Jack Greenberg, CEO of McDonald's: “No one can afford them." Source: Reprinted from December 14, 1998 issue of Business Week, by special permission, copyright © 1998 by The McGraw-Hill Companies, Inc.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Rice is what you'll probably end up with these
days if your local McDonald's is in Indonesia.
With the collapse of the Indonesian currency, the
rupiah, in 1998, potatoes...have quintupled in
price. That means rice is turning with an
increasing frequency as an alternative to the
french fry... It's not hard to fathom why fries are
an endangered menu item says Jack Greenberg,
CEO of McDonald's: “No one can afford them."
Source: Reprinted from December 14, 1998 issue of Business
Week, by special permission, copyright © 1998 by The
McGraw-Hill Companies, Inc.
Based on this passage, McDonald's is serving
rice in its Indonesian restaurants because of
a decrease in the price of a
complement.
an increase in the price of a
complement.
a decrease in price of a substitute.
an increase in the price of a substitute.
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