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dem82 [27]
3 years ago
10

After widespread press reports about the dangers of contracting "mad cow disease" by consuming beef from Canada, the likely econ

omic effect on the U.S. demand curve for beef from Canada is _________.
a. a movement down along the demand curve for beef to the right.
b. a shift of the demand curve for beef to the left.
c. a shift of the demand curve for beef to the right.
d. no change; only the supply curve for beef is likely to be affected

Business
2 answers:
nikdorinn [45]3 years ago
7 0

Answer:

b. a shift of the demand curve for beef to the left.

Explanation:

Demand for beef will reduce at all prices resulting in a shift in demand curve lower (to the left). This is as a result of the mad cow disease transmission though Canadian beef.

There is an aggregate reduction in demand of beef and the leads to general price decline.

This is illustrated in the attached diagram.

bazaltina [42]3 years ago
3 0

Answer:

Correct answer is (b) a shift of the demand curve for beef to the left.

Explanation:

After the report, the consumption of beef from Canada will decrease due to the fact that the consumer of beef will derived lesser satisfaction because they will want to have change of taste through protecting themselves from contagious disease. Therefore, for any given price of the beef from Canada, the buyer of the beef want lesser of it causing a shift in demand curve to the left.

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Answer:

$270,000

Explanation:

The computation of the initial outlay of the project is shown below:

The initial outlay of this project = Purchase Price of the Asset + Installation Costs + Shipping cost + Investment in Working Capital

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3 years ago
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This is a <u>true</u> statement. If you can imagine yourself as a prospect who can get answers to your questions and as a character in a business story, you'll be more likely to buy from them rather than a business to which you can't relate.

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Your content's narrative conflict should be driven by the needs, problems, and buyer's journey stage of your prospects.

Always keep in mind that every story needs three storytelling components, such as characters, conflict, and resolution, so make sure yours is accurate and relatable.

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2 years ago
Zinc, Inc. has 10,000 shares of $5 par, 5% preferred stock, and 5,000 shares of $10 par common stock issued and outstanding. If
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8 0
3 years ago
The Carolina Christmas Tree Corporation grows and sells 500 Christmas trees. The average cost of production per tree is $50. Eac
vladimir2022 [97]

Answer:

The Carolina Christmas Tree Corporation’s total revenue is $32,500.

Explanation:

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Use ergonomically designed equipment for work

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