Question

A new wonder diet that results in a dramatic weight loss sweeps through the United States. The key to the diet is to eat large amounts of red meat (beef) but no poultry or carbohydrate-rich foods. As millions of Americans switch to the new diet, we can expect a(n) _____ in the _____ beef, leading to a shift to the _____ in the _____ curve for beef and _____ beef prices.

Answer 1

Answer:

1) Decrease

2) Demand for beef

3) Left

4) demand

5) Lower

Explanation:

As millions of Americans switch to the new diet, we can expect a(n) _decrease____ in the __demand for___ beef, leading to a shift to the __left___ in the __demand___ curve for beef and _lower____ beef prices.