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Given that chicken and beef are substitute goods, if the price of chicken decreases substantially, there would be:
a. an increase in the supply of chicken.
b. an increase in the quantity demanded of beef.
c. no change in the demand for beef.
d. an increase in the demand for beef.
e. a decrease in the demand for beef.
Given that chicken and beef are substitute goods, if the price of chicken decreases substantially, there would be:
a. an increase in the supply of chicken.
b. an increase in the quantity demanded of beef.
c. no change in the demand for beef.
d. an increase in the demand for beef.
e. a decrease in the demand for beef.
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2 Jun 2021