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Price Figure 5 Beef (quantity) 36. Figure 5 shows conditions in the market for beef. A reduction in the price of the grain used

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Price Figure 5 Beef (quantity) 36. Figure 5 shows conditions in the market for beef. A reduction in the price of the grain used to feed cattle results in a. the supply curve for beef shifting to the left resulting in higher beef prices and a lower quantity b. C. d. sold. the supply curve for beef shifting to the right resulting in lower beef prices and a higher quantity sold. the demand curve for beef shifting to the left resulting in lower beef prices and a lower quantity sold. the demand curve for beef shifting to the right resulting in higher beef prices and a higher quantity sold

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