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Demand and supply in action: Chicken and Beef - substitute products?

Ben Christopher

2nd June 2013

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Well according to the graphic below in the WSJ, it looks like they are, ceteris paribus. In economics, if there is a direct relationship between the change in price of one good and the change in quantity demanded of another, these goods are substitute goods. In this case, we can see that as the price of beef rises the quantity of chicken and pork demanded also rises.


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Ben Christopher

Now teaching in Dubai.

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