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AleksandrR [38]
3 years ago
13

How would a decrease in the price of the feed grains used to feed cattle affect the market for beef? a. The demand for beef woul

d decrease, decreasing beef prices. b. The supply of beef would decrease, increasing beef prices. c. The demand for beef would increase, increasing beef prices. d. The supply of beef would increase, decreasing beef prices.
Business
1 answer:
denis23 [38]3 years ago
5 0

Answer: The supply of beef would increase, decreasing beef prices.

Explanation: if there is a decrease in the price of the feed grains used to feed cattle, it would leads to an increase in the supply of beef in the market and consequently decrease the price of beef in the market. It would result to an increase in the supply of beef because the cattle rearers would have enough feeds for the cattle which will make them grow faster.

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The price will decrease and the quantity of the product sold will increase.

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The price quoted would be lower because the social costs are not part of the cost of the product. This would increase the demand of the product because financially it is more beneficial and the price demand relation says that when the price of the good decreases the demand of the product increases and vice versa. So this means that the company will earn more but the society will have to bear the cost of the negative impacts.

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The correct answer for the blank is: Quaternary.

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73%

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