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)an increase in the quantity demanded of beef.
D)no change in the demand for beef.

Question

Quizplus · Accepted Answer

When chicken becomes cheaper, consumers are likely to switch from buying beef to chicken since they are substitutes. This leads to a decrease in the demand for beef.

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