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Social Studies, 04.08.2020 14:01 21vdawson

Select the correct answer from each drop-down menu. Complete these sentences based on the video you just watched. A rise in beef prices will cause the supply curve for steaks at restaurants to shift . The rise in steak prices is a result of a non-price determinant of supply. In this scenario, the non-price determinant of supply is . The change in foreign consumption of beef is an example of a non-price determinant of demand. In this scenario, the non-price determinant of demand is . The change in the non-price determinant of demand will cause the demand curve to shift . On a graph, the effect of these shifts in the demand and supply curves will cause the new equilibrium price to . As grown cows become scarcer, the price of beef .

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