Cameroon GCE A-Level Economics Practice Questions - Cameroon General Certificate Of Education Advanced Level - Economics (0725) Exam

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In microeconomic analysis, which of the following scenarios will cause a rightward shift of the market demand curve for beef, rather than a downward movement along the existing demand curve?

A substantial decrease in the retail market price of beef. A significant rise in the market price of fish, a close substitute for beef. An increase in the wage rates paid to slaughterhouse workers and butchers. An improvement in cattle breeding technology that reduces production costs.

Correct Answer:

A significant rise in the market price of fish, a close substitute for beef.

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