How would a decrease in the price of the feed grains used to feed cattle affect the market for beef? a. The demand for beef would decrease, decreasing beef prices. b. The supply of beef would decrease, increasing beef prices. c. The demand for beef would increase, increasing beef prices. d. The supply of beef would increase, decreasing beef prices.

Question

Davon Riggs

Business

17 November, 19:39

How would a decrease in the price of the feed grains used to feed cattle affect the market for beef? a. The demand for beef would decrease, decreasing beef prices. b. The supply of beef would decrease, increasing beef prices. c. The demand for beef would increase, increasing beef prices. d. The supply of beef would increase, decreasing beef prices.

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Mason Yu · Answer 1

Answer: The supply of beef would increase, decreasing beef prices.

Explanation: if there is a decrease in the price of the feed grains used to feed cattle, it would leads to an increase in the supply of beef in the market and consequently decrease the price of beef in the market. It would result to an increase in the supply of beef because the cattle rearers would have enough feeds for the cattle which will make them grow faster.