suppose that the local grocery store lowers the price of chicken. which would be likely to occur as a…

suppose that the local grocery store lowers the price of chicken. which would be likely to occur as a result? the quantity demanded of chicken will increase, and the demand for turkey will shift to the left. the quantity demanded of chicken will increase and so will the quantity demanded of turkey. the quantity demanded of chicken will decrease, and the demand for turkey will shift to the right. the demand for chicken and the demand for turkey will both shift to the right.

suppose that the local grocery store lowers the price of chicken. which would be likely to occur as a result? the quantity demanded of chicken will increase, and the demand for turkey will shift to the left. the quantity demanded of chicken will increase and so will the quantity demanded of turkey. the quantity demanded of chicken will decrease, and the demand for turkey will shift to the right. the demand for chicken and the demand for turkey will both shift to the right.

Answer

Brief Explanations:

Chicken and turkey are substitutes. When the price of chicken drops, by the law of demand, the quantity demanded of chicken increases. Consumers will switch from turkey to chicken, causing the demand for turkey to decrease (shift left).

Answer:

The quantity demanded of chicken will increase, and the demand for turkey will shift to the left.