What would happen to the equilibrium in the cattle market

Reference no: EM133662254

Assignment:

Use a graph to answer the next two question.

1. What would happen to price and quantity of corn if a proven tractor that could run on solar power (and cheaper than other tractors) was introduced to the market?

2. If the price of corn rises and the EPA releases data that proves cow manure is destroying the ozone layer, what would happen to the equilibrium (price and quantity) in the cattle market?

Reference no: EM133662254

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