In 1973, boom in cattle industry in the High Plains In 1973, 4.8 million cattle President Nixon imposed a price freeze on beef raised in feedlots When ranchers finally sold their cattle, surplus made prices drop Several feedlots went Ranchers withheld their out of business cattle from market Which conclusion is supported by the diagram?
In 1973, boom in cattle industry in the High Plains In 1973, 4.8 million cattle President Nixon imposed a price freeze on beef raised in feedlots When ranchers finally sold their cattle, surplus made prices drop Several feedlots went Ranchers withheld their out of business cattle from market Which conclusion is supported by the diagram?
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Transcribed Image Text:In 1973, boom in cattle
industry in the High
Plains
In 1973, 4.8 million cattle
President Nixon
imposed a price freeze
on beef
raised in feedlots
When ranchers finally sold
their cattle, surplus made
prices drop
Ranchers withheld their
cattle from market
Several feedlots went
out of business
Which conclusion is supported by the diagram?
A
The success of the cattle industry was not impacted by government regulations.
Government regulation impacted the supply of the cattle industry and prices of beef dropped.
As a result of government regulation, the cattle industry relocated from Texas.
Government regulation assisted the cattle industry to raise profits.
3.
4.
6.
5,
B
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