7. In 2003. after a reported outbreak of mad cow disease among Canadian cattle. the United States banned beef imports from Canada. Assuming steak and salmon are substitute goods. explain and demonstrate graphically the effect of the ban on US. salmon and steak markets. Be sure to label all axes and curves. (3 pts) US Steak Market - Beef being an input to steals. restricted import of beef will decrease the supply of beef and increase the price of beef. which will decrease the supply of steak. shifting its supply curve to the left, which will increase price and decrease quantity of steak