Refer to the above graph, which shows the market for beef where demand shifted from D 1 and D 2. The change in equilibrium from E1 to E 2 is most likely to result from:

a. A decrease in consumer incomes
b. An increase in the price of pork
c. A decrease in the tax on beef products
d. An increase in the cost of cattle feed


Ans: a. A decrease in consumer incomes

Economics

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