Which of the following would likely result in an increase in the demand for beef?
A) A decrease in the supply of beef
B) An increase in family incomes
C) An increase in the price of feed grains for cattle
D) A decrease in the price of pork

Question

Quizplus · Accepted Answer

An increase in family incomes typically leads to an increase in the demand for normal goods, such as beef, as people have more disposable income to spend on such items.

Which of the Following Would Likely Result in an Increase