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If the workers of the American Federation of Slaughterhouse go on a strike then it will cause a reduction in the supply of beef while the demand remaining the same. The fall in the Beef supply would create an upward pressure on its price while the quantity exchanged would see a corresponding decline.
The supply of beef has fallen as a result of a negative impact on the " number of workers " determinant of supply. With less number of workers working, production will fail. Therefore, in the market for beef:
- Demand will remain the same (0).
- Supply will fall (-).
- Equilibrium price will rise (+).
- Equilibrium quantity exchanged will fall (-).
- Determinant is number of workers affecting supply falls.
What is beef marketing chain?
The beef marketing chain is perplexing. It tends to be exceptionally short with retailers buying straightforwardly from makers utilizing administration kill offices yet it can likewise be long. A singular creature could change hands often previously it is at long last butchered and sold in the retail outlets.
This Agnote involves a graph to show the different players in the store network for hamburger.
To know more about beef marketing from the given link:
https://brainly.com/question/19427123
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