Reference no: EM132167937

Mexican Hut sells tacos and competes with its main rival Burger Queen, which sells hamburgers. If rising wheat prices increase the cost of hamburger buns for Burger Queen, which of the following statements are correct (More than one answer is correct)?

a. The supply of Mexican Hut's tacos will increase, their price will increase; the demand for Burger Queen's hamburgers will decrease, and their price will increase.

b. The supply of Mexican Hut's tacos will increase, their price will increase and the demand for tacos will increase; the demand for Burger Queen's hamburgers will decrease, their price will increase and the supply of hamburgers will increase.

c. The supply of Burger Queen's hamburgers will decrease, their price will increase; the demand for Mexican Hut's tacos will increase, and their price will increase.

d. The quantity supplied of Mexican Hut's tacos will increase, the price of tacos will rise and the quantity demanded of tacos will increase; the demand for Burger Queen's hamburgers will decrease and the quantity supplied for hamburgers will decrease.

e. The quantity supplied of Mexican Hut's tacos will increase, their price will increase; the quantity demanded for Burger Queen's hamburgers will decrease, and their price will increase.