The graphs below show the world and Chinese Beef, Pork and Rabbit/Dog meat markets before the Swine Flu hits China. The world pork  and beef markets does not include the  Chinese markets. Notice that the world's meat markets are in long run equilibrium where the price of beef and pork are the same in China and the World. Outside of China no one eats dog and rabbit meat only the dog and rabbit market in China is depicted. pick from the bold answer choices below. also look at the graphs bellow.---> In China, Pork is normal good or inferior good,  and dog meat is normal or inferior, and In the world, beef and pork are inferior or normal goods?  The chart below shows historical change in GDP per capita in China from 1960 to 2014. Look at the image bellow.  The Change in the World illustrated in the chart is an increase in the price of related good, a decrease in price in related goods, an increase in Chinese income, or a decrease in Chinese income?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The graphs below show the world and Chinese Beef, Pork and Rabbit/Dog meat markets before the Swine Flu hits China. The world pork  and beef markets does not include the  Chinese markets.

Notice that the world's meat markets are in long run equilibrium where the price of beef and pork are the same in China and the World.

Outside of China no one eats dog and rabbit meat only the dog and rabbit market in China is depicted.

pick from the bold answer choices below. also look at the graphs bellow.--->

In China, Pork is normal good or inferior good,  and dog meat is normal or inferior, and In the world, beef and pork are inferior or normal goods? 

The chart below shows historical change in GDP per capita in China from 1960 to 2014. Look at the image bellow. 

The Change in the World illustrated in the chart is an increase in the price of related good, a decrease in price in related goods, an increase in Chinese income, or a decrease in Chinese income? 

China's GDP Per Capita Income (Current USD)
8000
7000
6000
5000
4000
3000
2000
1000
Consider possible changes in the Chinese meat markets depicted below.
096T.
1962
1964
996T
896T
1972
1974
1976
1978
086T
1982
1984
986T
886T
0661
1992
966T
Transcribed Image Text:China's GDP Per Capita Income (Current USD) 8000 7000 6000 5000 4000 3000 2000 1000 Consider possible changes in the Chinese meat markets depicted below. 096T. 1962 1964 996T 896T 1972 1974 1976 1978 086T 1982 1984 986T 886T 0661 1992 966T
World Pork Market
World Beef Market
Sstart
Sstart
P.
Dgart
Dzat
Chinese Pork Market
Chinese Dog and Rabbit Meat Market
Szart
Sart
Dsart
Dszurt
Transcribed Image Text:World Pork Market World Beef Market Sstart Sstart P. Dgart Dzat Chinese Pork Market Chinese Dog and Rabbit Meat Market Szart Sart Dsart Dszurt
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