In the 1990's there was widespread concern in Europe about the dangers of contracting "mad cow...
In the 1990's there was widespread concern in Europe about the dangers of contracting "mad cow disease" by consuming beef from Britain. What effect would such a panic have on the European demand curve for beef from Britain?
Group of answer choices
a movement down along the demand curve for beef to the right.
no change; only the supply curve for beef is likely to be affected.
a shift of the demand curve for beef to the right.
a shift of the demand curve for beef to the left.
Homework Answers
This panic will shift the demand curve for beef to the left as people will start demanding less of the beef because of the chance of getting "mad cow disease". So, the right answer is a shift of the demand curve for beef to the left.
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