After a good maize crop in the North West Province in 2018, the cost of cattle feed fell leading to a decrease in the price of beef. The change in the price of beef was proportionately smaller than the change in quantity beef demanded. The reason for this is
the demand for beef is elastic.
0%
the supply of beef is elastic.
0%
the demand for beef is inelastic.
0%
the supply of beef is inelastic.
0%

Question

After a good maize crop in the North West Province in 2018, the cost of cattle feed fell leading to a decrease in the price of beef. The change in the price of beef was proportionately smaller than the change in quantity beef demanded. The reason for this is

the demand for beef is elastic.

0%

the supply of beef is elastic.

0%

the demand for beef is inelastic.

0%

the supply of beef is inelastic.

0%

Answer

the demand for beef is elastic.

Answer

the supply of beef is elastic.

Answer

the demand for beef is inelastic.

Answer

the supply of beef is inelastic.

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After a good maize crop in the North West Province in 2018, the cost of cattle f...

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