A new wonder diet that results in a dramatic weight loss sweeps through the United States. The key to the diet is to eat unlimited amounts of red meat (beef) but no poultry or carbohydrate-rich foods. As millions of Americans switch to the new diet, we can expect a(n) _____ in the _____ beef, leading to a shift to the _____ in the _____ curve for beef and _____ beef prices.

Question

Quizplus · Accepted Answer

As millions of Americans switch to this new diet, the demand for beef will increase, resulting in a shift to the right in the demand curve for beef. This will lead to higher beef prices, as there will be more buyers willing to pay a higher price for the increased quantity of beef being demanded.

A New Wonder Diet That Results in a Dramatic Weight