You went to a food truck convention and learned about a new organic OatBeef. After your product development team tried out TacoFresh's recipes with the Oat Beef, you decided to switch to OatBeef given that the ingredient is just as tasty, better for the environment, costs half the price of organic beef and no one can tell the difference. What is the impact on TacoFresh supply curve if you switch to this new lower-cost ingredient (and of course you will make sure your customers know you are serving OatBeef)? O The new OatBeef will positively impact supply curve because it will make it cheaper for TacoFresh to produce more tacos O The new OatBeef will negatively impact supply curve because it increases the price of inputs O The new OatBeef would allow TacoFresh to make tacos more cheaply, which would affect demand curve, not

You went to a food truck convention and learned about a new organic OatBeef. After your product development team tried out TacoFresh's recipes with the Oat Beef, you decided to switch to OatBeef given that the ingredient is just as tasty, better for the environment, costs half the price of organic beef and no one can tell the difference. What is the impact on TacoFresh supply curve if you switch to this new lower-cost ingredient (and of course you will make sure your customers know you are serving OatBeef)? O The new OatBeef will positively impact supply curve because it will make it cheaper for TacoFresh to produce more tacos O The new OatBeef will negatively impact supply curve because it increases the price of inputs O The new OatBeef would allow TacoFresh to make tacos more cheaply, which would affect demand curve, not

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 12P

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