What will decrease in the price of pork due to the demand curve for - ProProfs Discuss
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What will decrease in the price of pork due to the demand curve for beef if beef and pork are substitutes?

Asked by Bramwell, Last updated: Jan 28, 2024

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John Smith

John Smith

John Smith
John Smith

Answered Sep 11, 2016

Shift to the left as consumers switch from beef to pork.
With a decrease in the price of pork people will want to buy more pork; because beef and pork are substitutes, they will buy less at possible prices for beef.
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