If three-quarters of the worldrsquos cattle are killed by a
If three-quarters of the world’s cattle are killed by a new disease
1. There would be a beef shortage.
2. The price of beef would fall.
3. The amount of beef purchased would fall.
4. The quantity of beef demanded would exceed the quantity supplied.
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a tax on cigarette productionhellip1 will only reduce cigarette consumption if the demand for cigarettes is elastic2
if three-quarters of the worldrsquos cattle are killed by a new disease1 there would be a beef shortage2 the price of
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