A "puppy boom" and an increase in the price of horse meat would cause the market price of dog food to

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A "puppy boom" increases the demand for dog food, which tends to raise its price. An increase in the price of horse meat, a potential ingredient in dog food, raises production costs, also pushing up the price. The market output could rise, fall, or remain unchanged depending on how these factors interact.

A "Puppy Boom" and an Increase in the Price of Horse