Question

In: Economics

Consider the following quotes from the article: “The chicken sandwich giant blew past Wendy’s, Burger King,...

Consider the following quotes from the article:

“The chicken sandwich giant blew past Wendy’s, Burger King, Taco Bell and Subway on its ascent, with $10.46 billion in American store sales, according to Nation’s Restaurant News’ latest countdown. Up 17 percent for the year, Chick-fil-A stands behind only McDonald’s ($38.52 billion in American sales) and Starbucks ($20.49 billion).”

“the company has grown at a sustainable, measured pace.”

“And second, thosewaffle fries. The No. 1 ordered item on the short menu, these skin-on spuds are from Washington state, a medium order ringing in at 360 calories. Fried in canola oil, their distinctive shape have set it apart from other fast-food restaurants since the chain debuted in 1967.”

“Chick-fil-A’s customer service is legendary, prompting rafts of memes enumerating real and imagined over-the-top polite employee interactions.”

“More recently, the company launched a successful app, and it is routine for employees to walk the drive-through line taking tablet orders to expedite.”

      -       A.       B.       C.       D.       E.   

“the company has grown at a sustainable, measured pace.”

      -       A.       B.       C.       D.       E.   

"Those waffle fries: The No. 1 ordered item on the short menu, these skin-on spuds are from Washington state, a medium order ringing in at 360 calories. Fried in canola oil, their distinctive shape have set it apart from other fast-food restaurants since the chain debuted in 1967.”

      -       A.       B.       C.       D.       E.   

“Chick-fil-A’s customer service is legendary, prompting rafts of memes enumerating real and imagined over-the-top polite employee interactions.”

      -       A.       B.       C.       D.       E.   

“More recently, the company launched a successful app, and it is routine for employees to walk the drive-through line taking tablet orders to expedite.”

A.

Shifts Supply out

B.

Shifts demand out

C.

Does not affect demand or supply curve

D.

Shifts demand in

E.

Shifts supply out

Solutions

Expert Solution

“the company has grown at a sustainable, measured pace.” : C) Does not affect supply or demand curve . ( Sustainable growth is not a sudden supply or demand shock )

"Those waffle fries: The No. 1 ordered item on the short menu, these skin-on spuds are from Washington state, a medium order ringing in at 360 calories. Fried in canola oil, their distinctive shape have set it apart from other fast-food restaurants since the chain debuted in 1967.” : B) Shifts demand out ( popularity rises for those waffle fries causes demand to increase )

“Chick-fil-A’s customer service is legendary, prompting rafts of memes enumerating real and imagined over-the-top polite employee interactions.” : B) Shifts demand out ( better customer service increases demand )

“More recently, the company launched a successful app, and it is routine for employees to walk the drive-through line taking tablet orders to expedite.” : B) Shifts the demand out ( Successful app helps to draw more customers )


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