If three-quarters of the worldrsquos cattle are killed by a


If three-quarters of the world’s cattle are killed by a new disease

1. There would be a beef shortage.

2. The price of beef would fall.

3. The amount of beef purchased would fall.

4. The quantity of beef demanded would exceed the quantity supplied.

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Microeconomics: If three-quarters of the worldrsquos cattle are killed by a
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