Question: 1. Tim Hortons' Risks Tim Hortons has exploded to become a dominant player among quick-serve restaurants. In 2001, it took the risk by switching to

1. Tim Hortons' Risks

Tim Hortons has exploded to become a dominant player among quick-serve restaurants. In 2001, it took the risk by switching to centralized production of baked goods, which lowered its labour costs and increased its sales volume.

Source: Financial Post, August 12, 2010.

Draw a graph to represent the above scenario. Show how equilibrium price and quantity change due to the above situation. Mark the new curve(s) clearly.

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