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Assume That Beef and Chicken Are Substitutes

Question 98

Multiple Choice

Assume that beef and chicken are substitutes. Given a downward-sloping demand curve for beef, a fall in beef prices will result in


A) an increase in the demand for chicken.
B) a decrease in the demand for chicken.
C) an outward shift of the supply curve for both beef and chicken.
D) an inward shift of the supply curve for both beef and chicken.

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