Figure 3-4 -Figure 3-4 Shows Conditions in the Market for Beef. a for Beef

Figure 3-4
-Figure 3-4 shows conditions in the market for beef. A reduction in the price of the grain used to feed cattle results in

A) the supply curve for beef shifting to the left resulting in higher beef prices and a lower quantity sold.
B) the supply curve for beef shifting to the right resulting in lower beef prices and a higher quantity sold.
C) the demand curve for beef shifting to the left resulting in lower beef prices and a lower quantity sold.
D) the demand curve for beef shifting to the right resulting in higher beef prices and a higher quantity sold.