If the demand for steak shifts to the right, the most likely explanation is that
A)the price of cattle feed has fallen.
B)consumer income has risen.
C)the price of steak has fallen.
D)cattle production has fallen.

Question

Quizplus · Accepted Answer

When consumer income rises, they are more likely to demand higher quality and more expensive goods like steak, causing a shift in the demand curve to the right.

If the Demand for Steak Shifts to the Right, the Most