Ask Question
11 September, 10:44

Select the correct answer from each drop-down menu.

Choose the correct terms to complete the sentence.

As the price of beef increases, consumption, which means that for the demand of beef, there is a (n) relationship between price and consumption.

+4
Answers (1)
  1. 11 September, 10:54
    0
    As the price of beef increases, consumption, which means that for the demand of beef, there is an inverse relationship between price and consumption.

    Explanation:

    We know that there is an inverse relationship between price and demand. If the price increases the demand for that commodity falls. On the other hand if the price decreases the demand for that commodity increases.

    If the price of beef increases that leads to less demand for the consumption of beef on the other hand if the price of beef decreases which will lead to increase in the demand for the consumption of beef.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Select the correct answer from each drop-down menu. Choose the correct terms to complete the sentence. As the price of beef increases, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers