Given that beef and fish are substitutes, a rise in the price of beef relative…

Given that beef and fish are substitutes, a rise in the price of beef relative to that of fish will?
  • A.
    induce greater demand for beef
  • B.
    induce greater demand for fish
  • C.
    induce lower demand for fish
  • D.
    equate demands for beef and fish
Correct Answer: Option B
Explanation
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