Multiple Choice
"Mad cow" disease led to lower price of Alberta beef, because:
A) The leftward shift of the demand curve of Alberta beef was greater than the leftward shift of the supply curve of Alberta beef.
B) The leftward shift of the demand curve of Alberta beef was smaller than the leftward shift of the supply curve of Alberta beef.
C) The leftward shift of the demand curve of Alberta beef was greater than the rightward shift of the supply curve of Alberta beef.
D) The rightward shift of the demand curve of Alberta beef was greater than the leftward shift of the supply curve of Alberta beef.
Correct Answer:
Verified
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