Which of the following would be least likely to cause a consumer to eat less beef?

A. An increase in the price of beef

B. An increase in the price of lamb

C. A reduction in the consumers income

D. A reduction in the price of lamb

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. The main contribution of David Ricardo is in the field of:
  2. Other things remaining the same, when a consumers income increases his equilibrium point moves to:
  3. In case of monopoly, the slope of MR is:
  4. At final equilibrium in cournot model, each firm sells:
  5. An indifference curve shows the bundles of two goods among which a consumer remains:
  6. According to the principle of substitution?
  7. If a straight line supply curve makes an intercept on the Y-axis, elasticity of supply is:
  8. In sweezy model (kinked demand curve model), the role of MC curve:
  9. The game theory is concerned with:
  10. An indifference curve slopes down towards right since more of one commodity and less of another result…
  11. Because of selling costs, the demand curve of a firm shifts:
  12. Which of the following is not a property of indifference curve?
  13. The demand for cigarettes is price inelastic implying a unit tax on this commodity will
  14. Marginal utility (MU) always:
  15. In dominant price leadership model, the small firms are like:
  16. If the commodity is normal then fall in price will result in:
  17. In dominant price leadership model, the dominant firm set the:
  18. In the case of an inferior commodity, the income-elasticity of demand is:
  19. If the price of a product falls which of the following would occur?
  20. In the long run average costs curve, a firm can change:
  21. An exceptional demand curve is:
  22. In case of giffin good, price effect is:
  23. The average cost curve is a geometrical illustration of:
  24. A monopolist has control over the price he charges for his product. He will be able to maximize his…
  25. Under monopolistic competition, in long-run there is:
  26. In monopolistic competition, the firms follow:
  27. The modern cost curves are based upon the idea of:
  28. At a point where a straight line demand curve meets the price axis (Y-axis), the elasticity of demand…
  29. Some farm land can be used to produce either corn or soybeans. If the demand for corn increases then:
  30. In monopoly and perfect competition, TC curves are: