According to an article in the Wall Street Journal, restaurant chains, including Subway, McDonald’s, and Chick-fil-A, have begun serving only chickens that were raised without being fed antibiotics....



According to an article in the Wall Street Journal, restaurant


chains, including Subway, McDonald’s, and Chick-fil-A,


have begun serving only chickens that were raised without being fed antibiotics. Using this method of raising


chickens increases their cost. Suppose that consumers


react to the news of restaurants selling antibiotic-free


chicken sandwiches by increasing their demand for the


sandwiches. Can you tell whether economic surplus will


increase in the market for chicken sandwiches? Use a


graph of the market for chicken sandwiches to illustrate


your answer.


Source: Jacob Bunge, “Perdue Farms Eliminated Antibiotics from


Chicken Supply,” Wall Street Journal, October 6, 2016.



May 26, 2022
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