Multiple Choice
Suppose a recent epidemic of mad cow disease causes the government to mandate that thousands of cows be put down. What effect will this have on the market for leather shoes?
A) The demand for leather shoes will increase.
B) The supply of leather shoes will decrease.
C) The demand and supply of leather shoes will increase.
D) This scenario will not affect the market for leather shoes.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: An increase in the price of butter
Q23: In a _ economy, private individuals (as
Q24: Due to above-average rainfall last year there
Q25: What effect would a rise in the
Q26: The amount of a particular good or
Q28: We say that goods are substitutes when
Q29: A price taker is a buyer or
Q30: Ren loves to go to the movies,
Q31: The amount of a particular good that
Q32: For almost all goods, the _ the