Asked by Angelina Carbonell on May 12, 2024

verifed

Verified

In the market for grass-fed beef,what would cause a price increase?

A) The price of chicken decreases.
B) Doctors tell patients that beef is full of saturated fat that causes heart attacks.
C) The prices of grass and corn increase.
D) There is a movement in the United States toward vegetarianism.

Grass-fed Beef

Beef from cattle that have been fed only grass and foraged foods throughout their lives, rather than grain.

Heart Attacks

Medical emergencies caused by the obstruction of blood flow to the heart, leading to tissue damage or death.

  • Evaluate the effects of outside influences, including dietary habits and technological progress, on supply and demand dynamics.
  • Perceive the influence of input cost variations on the stability of market equilibrium.
verifed

Verified Answer

JM
Jessica MitchellMay 15, 2024
Final Answer :
C
Explanation :
Grass-fed beef requires grazing on grass or hay, which is more expensive than grain-fed beef that consumes corn. Therefore, an increase in the prices of grass and corn will inevitably raise the price of grass-fed beef. The other options would have no direct impact on the supply and demand of grass-fed beef.