Question: QUESTION 1 8 The question below asks how an event affects the market for fast food in the city of Louisville. Assume that the quantity

QUESTION

18

The question below asks how an event affects the market for fast food in the city of Louisville. Assume that the quantity of fast food is measured as the weekly number of units sold. Fast food restaurants in counties outside of

,

but adjacent to Louisville get involved in a price war where they begin dramatically lowering the price of the food they sell.

.

increase in demand

.

decrease in demand

.

increase in supply

.

decrease in supply

.

increase in demand and supply

QUESTION 18 The question below asks how an event affects the

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