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Supposea fleet of alien vessels carries away a large percent of the beef cattle on earth.Using your understanding of the economics principles behind supply anddemand
Supposea fleet of alien vessels carries away a large percent of the beef cattle on earth.Using your understanding of the economics principles behind supply anddemand and price - and the laws of supply and demand, what will be the impact of this on eachof the following?
- The price and quantity of beef on Earth
- The price and quantity of chicken (assuming thatchicken is a substitute for beef)
- The price and quantity of vegetable beef soup
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