Other Things Constant, What Effect Will an Increase in the Price

question 15

Multiple Choice

Other things constant, what effect will an increase in the price of beef have?

• A) It will encourage consumers to buy more beef.
• B) It will shift the demand curve for beef to the left.
• C) It will shift the demand curve for beef to the right.
• D) It will discourage consumers from buying as much beef.

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Definitions:

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