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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?

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

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Asked by Bramwell, Last updated: Nov 26, 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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