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

question 165

Multiple Choice

Refer to the above graph, which shows the market for beef where demand shifted from D1 to 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) a health report warning of the dangers of beef consumption
• C) a widespread concern about mad-cow disease.
• D) a decrease in the productivity of cattle farms.

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Definitions:

Subjective

Based on or influenced by personal feelings, tastes, or opinions, rather than external facts or evidence.

Agenda-Setting Theory

A communication theory that suggests the media has the power to influence the public's perception of what topics are important.

First-Level Agenda Setting

A theory suggesting that media doesn't tell people what to think, but is effective in telling them what to think about by influencing the salience of issues.

Gatekeeper

An individual or policy that controls access to something, for example, journalists or editors who decide which stories are published or broadcasted.