Beef and leather belts are complements in production. If peopleʹs concern about health shifts the demand curve for beef leftward, the result in the market for leather belts will be a
A) lower equilibrium price for a leather belt because there is an increase in the supply of leather belts.
B) higher equilibrium price for a leather belt because there is a decrease in the supply of leather belts.
C) lower equilibrium price for a leather belt because there is a decrease in the supply of leather belts.
D) higher equilibrium price for a leather belt because there is an increase in the supply of leather belts.
Correct Answer:
Verified
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