Business
Business, 11.02.2021 18:50, zayboogey04

The commentator mentions that McDonald's has switched to antibiotic-free chicken in its bid to improve its sales. Antibiotic-free chicken is regarded as higher quality, but it is more expensive to produce. Consider the market for chicken sandwiches as McDonald's makes this change to its ingredients. Assume that demand is downward sloping and that supply is upward sloping. What will happen to the equilibrium quantity and price of chicken sandwiches?

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