Suppose a company develops a steak sauce that neutralizes cholesterol in steak. As a result, economists would expect:

the demand curve for beef to shift right.
the demand curve for beef to shift left.
the supply curve for beef to shift right.
the supply curve for beef to move right but the demand curve left.
both the demand and supply curves for beef to move right.


The model of supply and demand assumes that the market has:

one buyer and one seller.
one buyer but many sellers.
many buyers but only one seller.
many buyers and many sellers.


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