Question

f the U.S. government were to ban imports of Canadian beef for reasons unrelated to health concerns, what would be the effect on the price of beef in the United States? How would the typical American’s diet change? What if the ban suggested to consumers that there might be health risks associated with beef?(Hint: Again, think about which curve(s) will shift and what would be the effect on price and quantities.)

Answer 1

Following are the steps to the given question:

Step-by-step explanation:

In step 1:

When the Us administration prohibits beef imports through Canada for health reasons, therefore the import and export of beef would affect beef availability, thereby dropping the cost of beef on an Us market, which will also raise.

In step 2:

Its impact on beef consumption would be less required mostly on the U.S. market as well as the degree for effective change depended on relative prices of beef consumption even Among consumers. If this is costly, then citizens may replace this with a lower-price substitute.

In step 3:

In Canada, the beef manufacturers have acquired beef stocks and therefore are selling in the Canadian market at a low price. If beef-related health effects are listed among explanations because of its ban this will deter consumers from eating very little on excess supply but will reduce demand by as much as previously.