If the Market for Beef Cattle Was Initially in Equilibrium

question 11

Multiple Choice

If the market for beef cattle was initially in equilibrium, an increase in the price of the feed grains used to fatten cattle would cause

• A)the demand for beef cattle to increase, driving the price of beef upward
• B)the supply of beef cattle to decline, driving the price of beef upward in the long run
• C)the supply of beef to increase, placing downward pressure on the price of beef in the long run
• D)both supply and demand to fall, leaving the price of beef virtually unchanged
• E)the supply of beef to increase, driving the price of beef down and increasing demand

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Definitions:

Constipation

A condition in which there is difficulty in emptying the bowels, usually associated with hardened feces.

Nonsteroidal Anti-Inflammatory Drug

A class of drugs that reduce pain, decrease fever, prevent blood clots, and in higher doses, decrease inflammation.

Naproxen

A nonsteroidal anti-inflammatory drug (NSAID) used to relieve pain, fever, swelling, and stiffness.

Acetaminophen (Tylenol)

A medication commonly used to reduce fever and relieve pain, available over-the-counter and often recommended for its low side effects profile.