Which of the Following Would Most Likely Decrease the Price

question 247

Multiple Choice

Which of the following would most likely decrease the price of beef?

• A) lower prices of grains used to produce cattle feed
• B) higher prices for chicken, a substitute for beef
• C) a cow disease that destroys millions of cattle (and makes their meat unfit for consumption) before they are ready for market
• D) an increase in consumer income

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Definitions:

M3

A gauge of monetary supply that encompasses M2, including cash, checking deposits, and near money that's easily converted, in addition to large-scale time deposits, institutional money market funds, and other sizeable liquid assets.

Check-Cashing Outlets

Businesses that offer to cash checks for a fee, often serving customers who do not have access to traditional banking services.

Banking Services

Various financial services provided by banks, including loans, deposits, money transfers, and account management.

Money Orders

A financial instrument issued by a bank or postal service that allows the person named on the order to receive a specified amount of cash on demand, often used for payments when checks are not accepted.