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Economics

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Statement whether each of the following events will result in a movement along the same demand curve (change in own price) for McDonald’s Big Mac hamburgers or whether it will cause the curve to shift. If the demand curve shifts, indicate whether it will shift to the left or to the right, and draw a graph to illustrate the shift. a. The price of Burger King’s Whopper hamburger declines. (4 points) b. McDonald’s distributes coupons for 41.00 off the purchase of a Big Mac. (4 points) c. Because of a shortage of potatoes, the price of French fries increases. (4 points) Fast-food restaurants post nutrition warning labels. (4 points)