If chicken and beef are substitutes, then a fall in the price of chicken will bring about:
A)an increase in the demand for beef.
B)a decrease in the demand for beef.
C)a decrease in the quantity demanded of beef.
D)no change in the demand for beef.

Question

Quizplus · Accepted Answer

If chicken and beef are substitutes, a fall in the price of chicken will make it more attractive to consumers, leading them to switch from beef to chicken. This means that the demand for beef will decrease as consumers opt for the cheaper substitute.

If Chicken and Beef Are Substitutes, Then a Fall in the Price