How Would a Decrease in the Price of the Feed

question 371

Multiple Choice

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.

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