If the price of hamburgers increases and hot dogs are substitutes, what is expected to happen to the demand for hot dogs?

When the price of hamburgers increases, consumers seeking more affordable meal options will likely turn to substitutes like hot dogs. This is because when the price of a good rises, consumers often look for alternatives that can fulfill their needs at a lower cost.

As a result, the demand for hot dogs is expected to increase. This increase in demand is represented by a shift of the demand curve for hot dogs to the right. A rightward shift indicates that at every price level, consumers are now willing and able to buy more hot dogs than before the price increase of hamburgers.

In summary, the relationship between the price of hamburgers and the demand for hot dogs is a classic example of substitution effect in economics, where an increase in the price of one good (hamburgers) drives consumers to increase their purchase of a substitute (hot dogs).