Figure 2 shows supply and demand in the market for beef. D$_1$ shows the initial demand and S1 the initial supply curve.
Which one of the following combinations of events would be most likely to cause demand to shift from D$_1$ to D$_2$ and supply from S$_1$ to S$_2$?
1 )
A fall in the price of chicken and an increase in the price of animal feed
A fall in workers’ wages and a shift in preferences towards vegetarian food
3 )
Higher disposable incomes and a fall in farm productivity
4 )
Higher rents for farmland and health warnings about eating red meat
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