Beef and Leather Belts Are Complements in Production

question 323

Multiple Choice

Beef and leather belts are complements in production. If peopleʹs concern about health shifts the demand curve for beef leftward, the result in the market for leather belts will be a

• A) lower equilibrium price for a leather belt because there is an increase in the supply of leather belts.
• B) higher equilibrium price for a leather belt because there is a decrease in the supply of leather belts.
• C) lower equilibrium price for a leather belt because there is a decrease in the supply of leather belts.
• D) higher equilibrium price for a leather belt because there is an increase in the supply of leather belts.

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Definitions:

Average Precipitation

The mean amount of rain, snow, sleet, or hail that falls in a region over a set period, usually measured in millimeters or inches.

Average Temperature

The mean value of temperature taken over a specified period of time which indicates the overall climate pattern of a region.

Leeward Side

The side of a mountain or hill sheltered from the wind; typically receives less precipitation.