Question

A new wonder diet that results in a dramatic loss of weight sweeps through America. The key to the diet is to eat unlimited amounts of red meat (beef) but no poultry (chicken) or carbohydrate-rich foods. As millions of Americans switch to the new diet, we can expect:

Answer 1

Answer: Decrease in demand of chicken

Explanation: The new wonder diet would lead to a reduction in purchase of chicken in the American market. This would occur because the consumers would prefer to buy beef because of the diet benefits.

The reduction in demand of chicken would lead to a reduction in price of chicken in the market.