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State whether the following would increase, decrease, or have no effect on the current demand for beef. Increase Decrease No Effect Higher pork prices Higher
State whether the following would increase, decrease, or have no effect on the current demand for beef. Increase Decrease No Effect Higher pork prices Higher consumer income, assuming that beef is a normal good Higher prices of feed grains used to feed cattle Widespread outbreak of mad cow or hoof-and-mouth disease An increase in the price of beef
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