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iren [92.7K]
3 years ago
5

Suppose the current issue of The New York Times reports an outbreak of mad cow disease in Nebraska, as well as the discovery of

a new breed of chicken that gains more weight than existing breeds that consume the same amount of food. How will these developments affect the equilibrium price and quantity of chickens sold in the United States?

Business
1 answer:
Svetach [21]3 years ago
4 0

Answer:

Price and quantity of chickens sold will increase.

Explanation:

Due to the prevalence of the mad cow disease, demand for cow meat will go down. Since chicken is a substitute for cow meat and there is a breed that grows twice as much with the same feeds, the demand for chicken will rise.

In economics when other factors apart from price changes it results in demand shift. In this instance demand will shift to the right.

As illustrated in the attached diagram, there will be higher quantity demanded at higher prices than before.

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Richard has $652 in his account and is planning a road trip. He looks at how expensive hotels and sightseeing costs are in certa
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Answer:

The answer is: Detroit  $196.87

Explanation:

We first must add the cost of visiting the five cities:

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Cincinnati      $155.81

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3 years ago
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