QuestionJuly 20, 2025

A study of the demand for fresh fish found that meat and poultry prices had a positive impact on the price of fish.In other words, as the price of meat and poultry rose, so did the price of fish. This indicates that fish is a normal good. meat and poultry are substitutes for fish. meat and poultry are complements of fish. fish is an inferior good.

A study of the demand for fresh fish found that meat and poultry prices had a positive impact on the price of fish.In other words, as the price of meat and poultry rose, so did the price of fish. This indicates that fish is a normal good. meat and poultry are substitutes for fish. meat and poultry are complements of fish. fish is an inferior good.
A study of the demand for fresh fish found that meat and poultry prices had a positive impact on
the price of fish.In other words, as the price of meat and poultry rose, so did the price of fish.
This indicates that
fish is a normal good.
meat and poultry are substitutes for fish.
meat and poultry are complements of fish.
fish is an inferior good.

Solution
4.6(131 votes)

Answer

meat and poultry are substitutes for fish. Explanation 1. Identify the relationship The problem states that as the price of meat and poultry rises, the price of fish also rises. 2. Determine economic concept This indicates that meat and poultry are substitutes for fish. When the price of substitutes increases, the demand for the good in question (fish) increases, leading to a higher price.

Explanation

1. Identify the relationship<br /> The problem states that as the price of meat and poultry rises, the price of fish also rises.<br /><br />2. Determine economic concept<br /> This indicates that meat and poultry are substitutes for fish. When the price of substitutes increases, the demand for the good in question (fish) increases, leading to a higher price.
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