Using general equilibrium analysis and taking into account feedback effects analyze the following: a. The likely effects
Question:
a. The likely effects of outbreaks of disease on chicken farms on the markets for chicken and pork.
b. The effects of increased taxes on airline tickets on travel to major tourist destinations such as Florida and California and on the hotel rooms in those destinations.
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a If consumers are worried about the quality of the chicken then they may choose to consume pork instead This will shift the demand curve for chicken ...View the full answer
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