Question

An increase in the demand for steak, which increases the price of steak, will lead to an increase in which of the following? A. the supply of steak B. the supply of ham burger (a substitute in production) C. the supply of chicken (a substitute in consumption) D. the supply of leather (a complement in production) E. the demand for leather

Solution

Verified

Leather and steak are additives in production. Now, when the demand for steak increases, then the supply of leather will automatically increase, because when steak is produced, leather will also be produced.

Hence, the correct answer is the option d) the supply of leather (a complement in production)\textbf{d) the supply of leather (a complement in production)}.

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