Does the statement use the term supply correctly?

Due to lower grain prices consumers can expect retail prices of choice beef to beg Show more Newspaper item: Due to lower grain prices consumers can expect retail prices of choice beef to begin dropping slightly this spring with pork a substitute for beef becoming cheaper after midsummer the Agriculture Department predicted. This reflects increasing supply the department said. Does the statement use the term supply correctly? Explain. Part 2 If the price of beef were to drop by 10% would you expect the total revenue for farmers to increase or decrease? Be sure to thoroughly explain your answer and include economic terminology. Show less

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