Explain why this does not represent a violation


In 2001, Bob's Burgers charged $1.50 for a quarter-pound hamburger with all the fixin's, and  sold 7,500 of them. In 2002, although Bob raised the price to $1.75, sales of quarter-pound  burgers rose to 8,200. Explain why this does not represent a violation of the law of demand.

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Basic Statistics: Explain why this does not represent a violation
Reference No:- TGS0108601

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