6.1 You are a manager of a company like Torino Leather Company, a producer of cow-leather goods....
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6.1 You are a manager of a company like Torino Leather Company, a producer of cow-leather goods. Suppose that fear of bovine spongiform encephalopathy (mad cow disease)
decreases the demand for beef. How does this change in demand affect the price of cowhides you must buy to make leather? Explain your answer.
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