Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Experience the ease of finding reliable answers to your questions from a vast community of knowledgeable experts. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

Suppose that both of the events you have just analyzed are partly responsible for the increase in the price of hamburgers. Based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of hamburgers?.

Sagot :

jaquelinefvr

It is likely that the increase in the price of hamburgers is related to the fact that demand is greater than supply.

What is the law of supply and demand?

It is an economic approach to understanding the economic factors that influence the quantity of a product supplied in a market and its price.

Therefore, when there is more demand than supply for a good available in the economy, it means a situation of scarcity, which makes prices rise.

Find out more about law of supply here:

https://brainly.com/question/26374465

#SPJ1

We hope our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.