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Which of the following would not shift the demand curve for beef? a
Which of the following would not shift the demand curve for beef?
a. A widely publicized study which indicates beef increases one's cholesterol,
b. A reduction in the price of cattle feed,
c. An effective advertising campaign by pork producers,
d. A change in the incomes of beef consumers.
Expert Solution
b. A reduction in the price of cattle feed,
The cost of inputs changes or shifts the supply curve, not the demand curve.
A decrease in the price of cattle feed will without a doubt influence the supply curve of beef but not the demand curve of beef since it is a supply-side factor as it will lead to lower cost of raising cows. Thus increasing the supply of beef and the demand curve does not change.
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