317,199 views
31 votes
31 votes
Assuming that farmers can easily stock beef or pork, if the price of beef decreases, you can expect the:

supply of pork to increase.

quantity of pork supplied to increase.

quantity of pork supplied to decrease.

supply curve for pork to shift to the left.

User Dinuk
by
3.2k points

2 Answers

10 votes
10 votes

Final answer:

When the price of beef decreases, the quantity of pork supplied will increase.

Step-by-step explanation:

When the price of beef decreases, it becomes less expensive and more attractive to consumers. As a result, the demand for beef increases. However, assuming that farmers can easily switch between beef and pork production, they will likely decrease the supply of beef and increase the supply of pork in response to the change in price. This means that the quantity of pork supplied will increase.

Therefore, the correct answer is: quantity of pork supplied to increase.

User Olleh
by
2.7k points
25 votes
25 votes
Quantity of pork supplied to decrease
User Bert Jan Schrijver
by
3.6k points