Read the scenario and answer the determinant of demand.
The price of beef doubles after an outbreak of mad cow disease (chicken).
O Income of Individual
O Number of Consumers
O Price of Other Good
Taste and Preference



Answer :

In the given scenario, the determinant of demand impacted by the price of beef doubling due to an outbreak of mad cow disease is the Price of Other Good.

1. When the price of beef doubles, consumers may seek alternative options such as chicken or pork.

2. This change in the price of beef relative to other goods influences consumer behavior and their choices in the market.

3. For example, if the price of chicken remains stable while beef prices increase, consumers may switch to buying more chicken, leading to an increase in demand for chicken.

Therefore, in this scenario, the determinant of demand affected by the change in the price of beef is the Price of Other Good.