Question

How does the increased consumption of substitutes for meat that are derived from sources other then livestock, shift the livestock market equilibrium towards a more efficient market equilbirium?

Answer 1

Increased consumption of substitutes for meat which are derived other than livestock imply the shift in livestock market equilibrium towards more efficient. Because the more consumption of substitute goods for meat imply increase consumption of various type of agricultural goods and these are not derived from livestock. These consumption of substitutes for meat increase the availability of foodstuffs and other things which are used as inputs of livestock business. These inputs helps to increase the livestock production and these inputs availability reduce the cost of production. This level of higher production or reduce of cost leads to optimum production under livestock. So this increase consumption of substitute for meat basically increases the efficient outcome under livestock market.