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Suppose a Medical Study Reveals New Benefits to Consuming Beef

Question 156

Multiple Choice

Suppose a medical study reveals new benefits to consuming beef and at the same time a bumper corn crop reduces the cost of feeding cattle. The equilibrium price of beef will


A) fall.
B) rise.
C) stay the same.
D) perhaps rise, fall or stay the same, but more information is needed to determine which it does.

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