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Consider the market for beef. You read in the newspaper that recent anchovy harvests have been very poor lately, and the price of anchovies has

Consider the market for beef. You read in the newspaper that recent anchovy harvests have been very poor lately, and the price of anchovies has risen. (Anchovies are used in beef feed.) At the same time, the virus called "mad cow disease" is discovered in North American cattle farms.

Demand will blank .

Supply will blank .

Equilibrium price blank .

Equilibrium quantity blank .

shifttotheright shifttotheleft unchanged

willincrease willdecrease cannotbedetermined

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