Home > Business > Detail
search_icon
Question

Suppose a local mcdonald's hamburger restaurant raises the price of its cheeseburgers from $2.00 to $2.50. what will happen to the quantity of mcdonald's cheeseburgers demanded?

Answer

Let's imagine that a local McDonald's hamburger restaurant decides to up the price of their cheeseburgers from $2.00 to $2.50. While this may deter some customers, others may still prefer McDonald's cheeseburgers over other fast-food options, and will be willing to pay the extra fee. The term "customer" refers to someone who purchases goods or services at a store, restaurant, or other retail establishment. An example of a customer would be someone who goes to an electronics store and buys a television. In sales, commerce, and business, customers (also known as purchasers or buyers) engage in financial transactions to obtain goods, services, products, or ideas from vendors or suppliers. Essentially, customers are those who exchange money or other valuable consideration for a product or service. If you'd like to learn more about the role of customers, check out this link: brainly.com/question/380037 #SPJ4