Three of the four events described below might reasonably be expected to shift the demand curve for beef to a new position. One would not shift that demand curve. The single exception is a(n):
a. change in people's tastes for beef.
b. increase in the money incomes of beef consumers.
c. fall in the price of beef.
d. change in the price of a product competitive with beef (e.g. pork).
c
Economics
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Between 1790 and 1860, wholesale prices charged by producers of commodities
(a) grew steadily over the period. (b) declined steadily. (c) exhibited wild variations but increased, on average. (d) exhibited wild variations but declined, on average.
Economics
Wartime economic mobilization resulted in:
a. increased hours for workers. b. dramatic increases in the industrial accident rate. c. some reduction in the quality of output. d. Increased production rates. e. All of the above.
Economics