Meat at the Supermarket Has Contributed to Increase in Food

question 16

Multiple Choice

Meat at the supermarket has contributed to increase in food prices in 2010, and high feed and fuel prices mean that steak will likely cost a lot more this fall. The price of feed has increased 50 percent and hay has doubled from two years ago. Based on this information, which of the following is NOT true in the market for beef?

• A) The consumer surplus will decrease.
• B) The equilibrium quantity will increase.
• C) The total surplus will decrease.
• D) The equilibrium price will increase.

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Definitions:

Abducens

Relating to the abducens nerve, which is the sixth cranial nerve responsible for controlling the movement of a muscle that abducts the eyeball (lateral rectus muscle).

Medulla Oblongata

The lowest part of the brainstem, controlling vital body functions such as breathing, heart rate, and blood pressure.

Vestibule

An entrance or enclosed antechamber between the outside and the interior of a building or space.

Incus

A small anvil-shaped bone in the middle ear that, along with the malleus and stapes, helps transmit sound vibrations to the inner ear.