Managers of Wendy's fast-food restaurants keep track of prices at competitors such as McDonald's, Burger King, and Arby's, knowing that a decrease in the prices at these other fast-food restaurants will: A. increase the income effect for Wendy's products. B. increase demand for Wendy's products. C. decrease the income effect on Wendy's products. D. increase the complementary effect on Wendy's products. E. decrease demand for Wendy's products.

Business · High School · Tue Nov 03 2020

Answered on

 E. decrease demand for Wendy's products.

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