Beef and Leather Belts Are Complements in Production

question 171

Multiple Choice

Beef and leather belts are complements in production. If people's 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) lower equilibrium price for a leather belt because there is a decrease in the supply of leather belts.
• C) higher 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.

---

Definitions:

Electronic Version

A digital format of a document, book, or any piece of information, accessible through electronic devices.

Subscription Service

A pricing strategy where clients are charged a consistent fee periodically to use a product or service.

Escrow Company

A neutral third-party entity that holds assets, including money, property, and documents, on behalf of other parties during the completion of a transaction.

Financing Statement

A document filed to give public notice of a secured transaction, indicating an interest in the assets of a debtor.