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In prior years, Mad Cow Disease has taken its toll on the beef industry. Review the following article regarding Mad Cow Disease, and answer the questions that follow.
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- What was the impact of mad cow disease on the supply and demand for beef?
- What happened to the price of beef as a result?
- What was the impact of mad cow disease on the supply and demand for substitute items?
- What do you think happened to the price of substitute items as a result?
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