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Assume That Figure 4-16 Shows the Supply of Steak

Question 227

Multiple Choice

Assume that Figure 4-16 shows the supply of steak. An increase in the price of cattle feed will change the supply from A) S <sub> 1 </sub> to S <sub> 2 </sub> . B) S <sub> 2 </sub> to S <sub> 1 </sub> . C) S <sub> 2 </sub> to S <sub> 3 </sub> . D) S <sub> 1 </sub> to S <sub> 3 </sub> .
Assume that Figure 4-16 shows the supply of steak. An increase in the price of cattle feed will change the supply from


A) S 1 to S 2 .
B) S 2 to S 1 .
C) S 2 to S 3 .
D) S 1 to S 3 .

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