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Refer to the Above Graph, Which Shows the Market for Beef

Question 88

Multiple Choice

  Refer to the above graph, which shows the market for beef where demand shifted from D<sub>1</sub> and D<sub>2</sub>. The change in equilibrium from E<sub>1</sub> to E<sub>2</sub> cannot be a result of: A)  Buyers expectations of lower prices for beef in the very near future B)  An increase in the subsidy given to cattle farms C)  A widespread concern about mad-cow disease D)  A decrease in the productivity of cattle farms Refer to the above graph, which shows the market for beef where demand shifted from D1 and D2. The change in equilibrium from E1 to E2 cannot be a result of:


A) Buyers expectations of lower prices for beef in the very near future
B) An increase in the subsidy given to cattle farms
C) A widespread concern about mad-cow disease
D) A decrease in the productivity of cattle farms

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