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During the 1990s positive technological change in the production of chicken caused the price of chic

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During the 1990s positive technological change in the production of chicken caused the price of chic

During the 1990s positive technological change in the production of chicken caused the price of chicken to fall. Holding everything else constant, how would this affect the market for pork (a substitute for chicken)?
A) The supply of pork would increase and the equilibrium price of pork would decrease.
B) The demand for pork would decrease and the equilibrium price of pork would decrease.
C) The demand for pork would increase because consumers could afford to buy more chicken and pork.
D) The demand for pork would decrease and the equilibrium price of pork would increase.

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Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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Sydnie

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8 years ago

I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile

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