How would a decrease in the price of the feed grains used to feed cattle affect the market for beef?
A. The demand for beef would increase, increasing beef prices.
B. The demand for beef would decrease, decreasing beef prices.
C. The supply of beef would increase, decreasing beef prices.
D. The supply of beef would decrease, increasing beef prices.
Answer: C
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The underlying principles behind the slashing of marginal tax rates in 1964 were Monetarist
a. True b. False
If net taxes were lowered from $5,000 to $1,000 . the marginal propensity to consume is 0.75, and autonomous consumption spending is $10,000 . by how much would consumption increase?
a. $3,000 b. $1,250 c. $7,500 d. $3,750 e. $750
The amount by which potential GDP exceeds actual GDP is one measure of the:
A. opportunity cost of cyclical unemployment. B. difference between real and nominal income. C. natural rate of unemployment. D. difference between real and nominal GDP.
Credit card companies that operate as intermediary firms between credit card holders and business vendors are best described as
A) platforms in a shared-input market. B) end users in a shared-input market. C) platforms in a transaction-based market. D) end users in a transaction-based market.