In the market for grass-fed beef,what would cause a price increase?
A) The price of chicken decreases.
B) Doctors tell patients that beef is full of saturated fat that causes heart attacks.
C) The prices of grass and corn increase.
D) There is a movement in Canada toward vegetarianism.

Question

Quizplus · Accepted Answer

Grass-fed beef comes from cattle that are raised on grass rather than corn. If the prices of grass and corn increase, farmers will have to spend more on feed, which will increase the cost of raising grass-fed cattle and ultimately lead to a price increase in the market. None of the other options directly affect the supply or demand of grass-fed beef.

In the Market for Grass-Fed Beef,what Would Cause a Price