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As reports hit the media that McDonald\'s was purchasing beef from cattle raised

ID: 1092251 • Letter: A

Question

As reports hit the media that McDonald's was purchasing beef from cattle raised on cleared rainforest lands in South America, American consumers were outraged

A. decrease the equilibrium price and increase the equilibrium quantity of McDonald's hamburgers.
B. increase the equilibrium price and decrease the equilibrium quantity of McDonald's hamburgers.
C. decrease the equilibrium price and quantity of McDonald's hamburgers.
D. increase the equilibrium price and quantity of McDonald's hamburgers.

Explanation / Answer

B. increase the equilibrium price and decrease the equilibrium quantity of McDonald's hamburgers.

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