Safari Fil e Edit View History Bookmarks Develop Window Help 69% E\' Tue 4:43 PM

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Safari Fil e Edit View History Bookmarks Develop Window Help 69% E' Tue 4:43 PM ezto.mheducation k 1- Ch 1,2 and 4 16. 100 points 1.00 points t has just been reported thet eeting red meat is bad for your health. a. Using supply and demand Instructions: Draw a curves, demonstrate the report's Ikely offect on the equilbrium price and parallel shift in either the demand or supply curve by grabbing, dragging, and then dropping the curve to the new pestion t quentity of steak sold in the market for steak Steak Do Quantity

Explanation / Answer

the demand for red meat comes down drastically, the demand curve moves towards left, and the prices also comes down. the break even point also moves left from the existing point.

equilibrium prie will decline and equilibrium quantity also comes down

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