Question: is this right? The graph on the right shows the market for hamburger, which is in equilibrium. Hamburger is a normal good, and people like

is this right?

is this right? The graph on the right shows the market for

The graph on the right shows the market for hamburger, which is in equilibrium. Hamburger is a normal good, and people like to eat cheese with hamburger. Beef is an input to hamburger production. Suppose that there is a decrease in business taxes. 1.) Using the line drawing tool, show the effect on the market. Properly label your new curve. 2.) Using the point drawing tool, show the new equilibrium price and quantity. Label your point 'E'. Carefully follow the instructions above, and only draw the required objects. At the new equilibrium, price is and quantity is lower . E Price of he Quantity of hamburger

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