Multiple Choice
To conduct a general equilibrium analysis of a change in consumer preferences away from beef and toward chicken, you must consider
A) changes in the equilibrium prices and quantities of beef and chicken.
B) changes in the amount of resources allocated to the production of beef and chicken.
C) changes in the price of resources allocated to the production of beef and chicken.
D) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
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