•What was the effect of mad cow disease on the source and with regard to beef? The need for gound beef remained good. Chain restaurants reported no change in product sales of beef. As a matter of fact, generally who consumed beef for restaurants don't even ask any queries about in which the beef originated in. The top three or more burger restaurants reported simply no change in revenue. And some actually increased. The seems that customers remained impervious the issue of mad cow disease. I believe it is because of a good trust and confidence with the government regulations regarding guarding people from food with disease. The content also declared that it was too soon to get accurate replies from customers at the time. After that, I feel that with regard to beef remains to be very strong. •What happened towards the price of beef consequently?
The price of meat went up. Matter of fact, that hit record highs. Causing better sales for replacement items. •What was the effect of mad cow disease on the source and demand for substitute things? It seems in my experience that as soon as the issue of mad cow disease became bigger, the necessity for substitute items gone up. The content says that Americans can act in a single of two ways. We will either " run coming from beef” such as the Europeans did in the nineties, or " rally behind the beef industry” such as the Canadians. That stuff seriously in recent years, we now have indeed rallied behind the beef market. •What do you consider happened towards the price of substitute items as a result? Inside the article, this says that if individuals were to become even more knowledgeable about crazy cow disease, then pork prices will drop due to high inventories. The price of rooster is now stable due to substantial beef prices.