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4. Using the supply and demand model to demonstrate and explain the effect on price and quantity in each of the following assume the market

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4. Using the supply and demand model to demonstrate and explain the effect on price and quantity in each of the following assume the market is in equilibrium with a price of $10 and quantity of 25,000: For each of the below use a separate supply and demand diagram and (Include an explanation of the 5 steps in your answer) 1. a. If the government passes new regulation that decreases land available for cattle to graze (eat), what will happen to the price of beef at the supermarket? b.If consumers become more concerned about the increased health risk from consuming beef what will happen to the price of beef at the supermarket? c. What if both part A and B occur at the same time fully explain use one diagram (new)? d. What if the cattle ranchers were able to influence the government to pass a price floor on the price of beef of $25.00 demonstrate and explain what will happen to the| market

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