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With the support of graphs, use demand and supply analysis to explain the effect on the price and quantity of beef from the following events.
With the support of graphs, use demand and supply analysis to explain the effect on the price and quantity of beef from the following events. (Assume ceteris paribus for each of the event). a. A 50 percent rise in the price of lamb, assuming lamb is a substitute for beef. b. The government has ordered the mass slaughter of cows due to a disease, which has made the meat not edible
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