Respuesta :
Answer:
The supply of ground beef will decrease
Explanation:
Here are the options to this question :
The supply of ground beef will increase.
The supply of ground beef will decrease.
There will be an increase in the quantity supplied of ground beef.
The supply of steak will decrease.
An increase in the price of steak would lead to an increase in quantity suoplied of steak. As a result of an increase in supply of steak, more steak would be produced. As a result, less of ground beef would be produced and supplied. This would lead to a leftward shift of the supply curve for ground beef
The market price of particular product can be increased due to various factors incurred in the market and that mainly include competition factor. Due to rise in the price of steak, market for ground beef would be effected.
Steak and ground beef
With the effect of rising market prices for steak have on the market for ground beef, in this case, "the supply of steak will increase."
An increase in the price of steak would lead to an increase in quantity supplied of steak. As a result of an increase in supply of steak, more steak would be produced. As a result, less of ground beef would be produced and supplied. This would lead to a leftward shift of the supply curve for ground beef.
Learn more about beef market, refer to the link:
https://brainly.com/question/26172014
