All else equal, what is the impact of an increase in the price of feed on fed cattle markets?
A. Decrease in the price and decrease in the quantity of fed cattle.
B. Decrease in the price and increase in the quantity of fed cattle.
C. Increase in the price and decrease in the quantity of fed cattle.
D. Increase in the price and increase in the quantity of fed cattle.
Ans: C. Increase in the price and decrease in the quantity of fed cattle.
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