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Author Question: In an effort to reduce the surplus of dairy products, agricultural legislation paid dairy farmers to ... (Read 241 times)

Jipu 123

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on: Jun 30, 2018
In an effort to reduce the surplus of dairy products, agricultural legislation paid dairy farmers to slaughter their herds and sell them to packinghouses (meat producers) in 1996-1997 . How did this influence the market for beef?
 a. demand increased, leading to higher beef prices
  b. demand decreased, leading to lower beef prices
  c. supply increased, leading to lower beef prices
  d. supply decreased, leading to higher beef prices

Question 2

If the government wanted to offset the effect of a fall in consumer confidence on AD, it might:
 a. decrease government purchases.
  b. decrease taxes.
 c. increase taxes.
 d. do either a. or c.


Animal_Goddess

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


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Jipu 123

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Reply #2 on: Jun 30, 2018
Thank you


Animal_Goddess

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Reply #3 on: Jun 30, 2018
No problemo


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