Refer to the following graphs to answer the question below.Select the graph that best shows the changes in demand and supply in the beef market if a new diet fad favoring beef consumption becomes hugely popular, while cattle producers see steeply rising costs of cattle feed.

A. graph (1)
B. graph (2)
C. graph (3)
D. graph (4)

Answer: D

Economics

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Suppose you came across the following headline in a story of a daily newspaper: "Automobile prices are so high right now that there must be a shortage. As a consequence not everyone who needs an automobile will be able to buy one"

Is this statement necessarily correct?

Economics

Opportunism may occur when

A) both parties have limited information. B) both parties have full information. C) one party has information the other does not. D) All of the above.

Economics