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
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
2 answers:
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.
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$3150
Explanation:
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What is the depreciation expense for 2022 if Ivanhoe Company uses the straight-line method of depreciation?
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<u>As we know:</u>
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From 1st October, 2022 to 31st December, 2022 = 3 months.
<em><u>Straight-Line Depreciation Expense for Partial Year = </u></em>
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Depreciation Expense for 3 months =
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