Due to market pressures there has been an decrease in the


Due to market pressures there has been an decrease in the number of franchises that sell hamburgers. This trend has coincided with a decrease in consumers' income. Supposing hamburgers are an inferior good, use a supply-and-demand diagram for the market for hamburgers to illustrate the combined effect of the two aforementioned events on the equilibrium price and quantity of hamburgers.

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Business Economics: Due to market pressures there has been an decrease in the
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