A rise in beef prices will cause the supply curve for steaks at restaurants to shift .
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History, 27.05.2020 01:58 Joeeeeeeee8974
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
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