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 a

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3 years ago

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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 a

mounts 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.a. increase; demand for; right; demand; higher b. increase; demand for; right; demand; lower c. decrease; demand for; left; demand; higher d. decrease; supply of; left; supply; higher

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1 answer:

Andreyy89 · Answer 1 · 2022-08-09T20:45:34+03:00

Answer: A. increase ,demand for, right, demand, Higher

Explanation:

when Demand for beef increases, the demand curve will shift to the right.the right shift will cause prices to increase because more the demand exceeds supply. when demand exceeds Supply there is a shortage in the market as many buyers are chasing fewer goods.

The price will respond to the shortage in the market by increasing. Prices will increases in order to bring the market into equilibrium state. Therefore when demand increases the price in the end will increase to bring the market to equilibrium.