Price Of Beef Increasing, Nearly Unaffordable For Many Americans

The video discusses the rising beef prices, which have increased by nearly 21% from last year. Factors such as the war in Ukraine, higher fuel and feed costs, and the pandemic have contributed to this rise. Consumers and businesses are feeling the impact, with some businesses encouraging customers to choose alternatives to beef. The government and industry leaders are addressing these issues, with accusations of pandemic profiteering. Consumers are shifting towards more affordable options like frozen and canned foods.

What percentage increase in beef prices was reported from the previous year?

• 21%

• 10%

• 25%

• 15%

Which global event contributed to the rising costs of beef production?

• The Paris Agreement

• The Olympics

• The war in Ukraine

• Brexit

How did the pandemic affect the beef industry according to Patrick Montgomery?

• It reduced production costs

• It forced costs up

• It had no impact

• It increased demand

What was the reaction of customers at Arthur Bryant's barbecue to the price increase?

• They were indifferent

• They were pleased

• They experienced sticker shock

• They stopped buying beef

What shift in consumer behavior is noted due to rising meat prices?

• More reliance on frozen and canned foods

• Switching to vegetarian diets

• Increased purchase of fresh meat

• Buying more luxury items