Question: 4.4 Using calculus, determine the effect of an increase in the price of beef, pb, from $4 to $4.60 on the equilibrium price and quantity

4.4 Using calculus, determine the effect of an increase in the price of beef, pb, from $4 to $4.60 on the equilibrium price and quantity in the Canadian pork example. (Hint: Conduct an analysis that differs from that in Solved Problem 2.1 in that the shock is to the demand curve rather than to the supply curve.) Illustrate your comparative statics analysis in a figure. M

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