All else equal, what is the impact of an increase in the price of feed on fed cattle markets?
A. Decrease in the price and decrease in the quantity of fed cattle.
B. Decrease in the price and increase in the quantity of fed cattle.
C. Increase in the price and decrease in the quantity of fed cattle.
D. Increase in the price and increase in the quantity of fed cattle.
Ans: C. Increase in the price and decrease in the quantity of fed cattle.
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If the federal funds rate falls below the discount rate, banks will decrease their borrowings from __________ and __________ their borrowings from __________. It follows that when one bank borrows from __________, reserves in the banking system __________
A) other banks; increase; the Fed; another bank; remain unchanged B) the Fed; decrease; other banks; another bank; remain unchanged C) other banks; increase; the U.S. Treasury; the Treasury; increase D) the Fed; increase; other banks; another bank; remain unchanged E) none of the above