ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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increases the demand for substitutes for fast-food meals.
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raises the price of fast-food meals.
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increases the supply of fast-food meals.
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increases the demand for fast-food meals.
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Detailed explanation-1: -We know that the number of fast-food restaurants will rise in the market. As a result, the supply curve for fast food will increase in the market that can be depicted from a rightward shift in the fast-food supply curve, keeping the demand for fast food the same.
Detailed explanation-2: -Fast food consumption has increasing’ trend due to convenience, costs, menu choices, flavor and taste [4]. About 30% of children to more than 50% in college students use fast food daily[2, 5]. Moreover, more than 33% of adults and 17% of children and teenagers are obese in united states [6].
Detailed explanation-3: -Firstly, market supply and demand affect price fluctuations, which affect the sales volume of the fast-food industry. Secondly, there are positive relationships between delivery systems, e-commerce, advertisement, and sales volume.
Detailed explanation-4: -Ads and Deals. Ads and deals are a great way to increase your brand visibility and get more attention. Appetizing pictures. Is good food always on your mind? Ambience. Multiple choice option. Child-friendly inducements and collectibles. Online applications. 23-Jan-2022