If the demand for steak shifts to the left, a likely reason is that
A)the price of cattle feed has risen.
B)the price of pork has fallen.
C)the price of steak has fallen.
D)cattle production has fallen.

Question

Quizplus · Accepted Answer

A shift to the left in the demand curve for steak implies that consumers are less willing to purchase steak at any given price. This could happen if a substitute good, such as pork, becomes cheaper, making pork more attractive relative to steak. Choices A, C, and D are more related to supply-side factors or the price of steak itself, which would not directly cause the demand curve for steak to shift left.

If the Demand for Steak Shifts to the Left, a Likely