Question

After widespread press reports about the dangers of contracting "mad cow disease" by consuming beef from Canada, the likely economic effect on the U.S. demand curve for beef from Canada is:________(a) a shift of the demand curve for beef to the right.(b) a movement down (to the right) along the demand curve for beef.(c) a shift of the demand curve for beef to the left.(d) no change; only the supply curve for beef is likely to be affected.

Answer 1

c) a shift of the demand curve for beef to the left

Step-by-step explanation:

The report would lead to a decrease demand for Canada's beef. This would shift the demand curve for beef to the left.

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