The Cost of Raising Beef Cattle Has Risen at the Same

Multiple Choice

The cost of raising beef cattle has risen at the same time as consumer preference for beef has fallen.In the market for beef, this would be represented by the equilibrium price ________ and the equilibrium quantity ________.

A) increasing; increasing or decreasing
B) increasing or decreasing; decreasing
C) decreasing; increasing or decreasing
D) increasing or decreasing; increasing