5.6 Baseball gloves are made from cowhide. Suppose that reports of bovine spongiform encephalopathy (mad cow disease)

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5.6 Baseball gloves are made from cowhide. Suppose that reports of bovine spongiform encephalopathy

(mad cow disease) have decreased the demand for beef. Using a demand and supply diagram, explain the impact of mad cow disease on the equilibrium price and quantity of baseball gloves.

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