Microeconomics: Principles, Applications, and Tools (8th Edition)

Published by Prentice Hall
ISBN 10: 0-13294-886-9
ISBN 13: 978-0-13294-886-9

Chapter 3 - Exchange and Markets - Exercises - 3.2 Markets - Page 64: 2.2

Answer

decreased

Work Step by Step

By opening up new markets, demand for beef was increased in POW camps where the demand had previously been low, making the beef worth more in those camps/
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