Question

5. Other things constant, which of the following would not cause a change in the long-run supply of

beef?
(A) A decrease in the price of beef
(B) A decrease in the price of cattle feed
(C) An increase in the price of cattle feed
(D) An increase in the cost of transporting cattle to market

Answer 1

In a constant cost industry like beef production, a decrease in the price of beef or cattle feed will not cause a change in the long-run supply of beef. However, an increase in the price of cattle feed or the cost of transporting cattle to market can cause a change in the long-run supply of beef.

Step-by-step explanation:

In a constant cost industry like beef production, the long-run supply of beef is not affected by a decrease in the price of beef or a decrease in the price of cattle feed. However, an increase in the price of cattle feed or an increase in the cost of transporting cattle to market can cause a change in the long-run supply of beef.

Answer 2

I would say C because it has nothing much about beef. Also the question does not say anything about cattle feed