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(Solved): please let me know if this is right The following graph shows the market for hamburgers in Hou ...
please let me know if this is right
The following graph shows the market for hamburgers in Houston, where there are over 1,000 burger joints at any given moment. Suppose an innovation in meat processing technology makes it possible to produce more hamburgers at a lower cost than ever before. Show the effect of this change on the market for hamburgers by shifting one or both of the curves on the following graph, holding all else constant. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther.