Escalating worldwide demand for corn has led to a sharp increase in the market price of corn, and corn prices are likely to remain high. Corn is extensive used as feed for livestock, and because profit margins are tight in the livestock business, many farmers are expected to leave the business. With fewer suppliers, meat prices will surely rise. Nonetheless, observers expect an immediate short-term decrease in meat prices.
Which of the following, if true, most helps to justify the observers' expectation?
The increase in corn prices is due more to a decline in the supply of corn than to a growth in demand for it.
Generally, farmers who are squeezed out of the livestock business send their livestock to market much earlier than they otherwise would.
Some people who ate meat regularly in the past are converting to diets that include little or no meat.
As meat prices rise, the number of livestock producers is likely to rise again.
Livestock producers who stay in the business will start using feed other than corn more extensively than they did in the past.
注意:immediate short-term decrease in meat!!!
A:比较需求上升和供给下降对于玉米价格上升的冲击那个更大,完全没在解释这个meat decrease。B:由于profit margin太小而放弃livestock margins的farmers可能会早些出售他们的livestock,供给短期上升,价格短暂下降。C: converting diet不是一个immediate和short-term的事情。D: meat价格上升= =??E:剩下的livestock producer可能出于价格压力选择其他的feed,但是也不是一个short-term的事情。
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