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1.If another cow with bovine spongiform encephalopathy (BSE) or mad-cow disease was discovered in the US beef herd, it would decrease exports as other countries
1.If another cow with bovine spongiform encephalopathy (BSE) or mad-cow disease was discovered in the US beef herd, it would decrease exports as other countries put a moratorium on the imports of US beef. This would actually increase short-run beef supply. At the same time consumer demand will shift in, because of the increased risk of exposure to the disease. What would this do to equilibrium beef price and quantity?
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