There are many food carts near Mark’s university. Mark and his friends regularly buy hot dogs from Jeff’s cart. Recently, Andrea opened a business selling two-for-one hamburgers near Jeff’s cart. What will be effect on Jeff’s hot dog cart?

For the answer to the question above asking if Mark and his friends regularly buy hot dogs from Jeff’s cart. Recently, Andrea opened a business selling two-for-one hamburgers near Jeff’s cart. What will be effect on Jeff’s hot dog cart?

the answer is, the demand for his hotdogs will decrease because he will have competitors.

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priyankapandeyVT priyankapandeyVT · Answer 2 · 2022-03-12T08:18:13+01:00

The demand of Jeff hot dog will decrease as people will like to get more out of their money, only those who like hot dogs only will be to remain Jeff's costumer.

What do you mean by demand and supply?

Demand means the requirement or need of good and services, while supply means making the good and services available. It is the fundamental economic principle that when demand increase and supply is less, price of product or services increases while if demand is less and supply is more the price of the product or services decreases.

So as that supply of the substitute /alternative product increases.i.e as Andre sell two burgers for same price as that of one hot dogs, it will surely increase the demand of Andre's product and led to decrease in hot dogs sale as people mind would like to buy the cheap product and only people who like hot dogs will be Jeff's costumer.

Therefore, demand for Jeff's hot dogs will decrease, and Andre's hamburger will increase only those who like hot dogs will be to remain Jeff's costumer.

Learn more about demand and supply here:

https://brainly.com/question/20215043