Assuming pork and beef are substitutes, an increase in the price of pork will decrease the demand for beef, ceteris paribus.
In economics, demand is the number of goods that consumers are willing to purchase at various prices in a particular location and during a particular period of time. [1] The relationship between price and quantity demanded is also called the demand curve. Demand for a particular item is a function of perceived need, price, perceived quality, convenience, available alternatives, disposable income, buyer preferences, and many other options.
Related product prices: The main related products are supplements and substitutes. A supplement is a good that is used with the primary good. Examples are hot dogs and mustard, beer and pretzels, and cars and gasoline. (A perfect complement behaves like a single good.) As the price of the complement increases, the quantity demanded of the other goods decreases.
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