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Suppose a Medical Study Reveals New Benefits to Consuming Beef

Question 123

Multiple Choice

Suppose a medical study reveals new benefits to consuming beef and at the same time a bumper corn crop reduces the cost of feeding steers.The equilibrium quantity of beef will


A) perhaps increase,decrease or stay the same,but more information is needed to determine which it does.
B) increase.
C) definitely either stay the same or decrease.
D) decrease.
E) stay the same.

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