Economics:
10th Edition
ISBN: 9781285859460
Author: BOYES, William
Publisher: Cengage Learning
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Chapter 3, Problem 13E
To determine
About the impact of federal law on market for meat.
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The federal government requires that all foods display information about fat content and other ingredients on food packages. The displays have to be verified by independent labarotories. The price of an evaluation of a food product could run up as much as $20,000. What impact do you think this law will have on the market meat?
The government of USA requires that all food display information about fat content and other ingredients on food packages. the displays have to be verified by independent laboratories. The price of an evaluation of a food product could run as much as $100,000. What impact do you think this law will have on the market for meat.
price that will result in 15 percent rise in its demand.
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