blackboardcdn.com/5ddfa3943a653/4949568?X-Blackboard-Expiration=16319880000008X-Blackboard-Signature=P.. 1 /4 100% + HO Question 1: Price X Quantity a. Consider the market for beef as above. Assuming that consumers either eat beef or other meats, draw the shift that would occur in the beef market if the price of chicken went down. b. What will be the effect on the equilibrium price? C. What will be the effect on the quantity of beef that is bought and sold? Price X O Quantity Question 2: a. Using the diagram above, draw the shift that will occur in the market for corn as above if farmers in the Midwest have unusually good weather this year. b. What will be the effect on market price? c. What will be the effect on the amount of corn that is bought and sold