Asked by
Gatsby Prince
on Dec 11, 2024
Verified
Which of the following would lead to an increase in the demand for fast food in Chicago?
A) An increase in Chicago's population
B) A decrease in average consumer income in Chicago.
C) A front page newspaper article in Chicago stating that fast food is very bad for your health.
D) A decrease in the average price charged by sit-down restaurants.
Consumer Income
The total amount of income received by consumers, affecting their purchasing power and demand for goods and services.
Fast Food
Quick service food, often pre-prepared or quickly made, served in restaurants or outlets for rapid consumption.
- Understand the impact of variations in consumer population on market demand.
- Learn the influence of alterations in consumer earnings on product demand.
Verified Answer
EG
Learning Objectives
- Understand the impact of variations in consumer population on market demand.
- Learn the influence of alterations in consumer earnings on product demand.