Answer to Question #323423 in Microeconomics for MacG

Question

is it true or false that An increase in the production of beef will lead to a decrease in the production of leather (made from cattle hides).

Answer 1

False.

the statement is false because an increase in the production of beef will relatively lead to an increase in the production of leather.... when demand for beef is high, more cattle are reared and slaughtered and the raw materials used in leather industry is derived from the waste products of food industry , specifically from meat processing , which are later converted into desirable useful leather products