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grigory [225]
1 year ago
5

If the demand for steak (a normal good) shifts to the left, the most likely reason is that:______.

Business
1 answer:
S_A_V [24]1 year ago
4 0

If the demand for steak (a normal good) shifts to the left, the most likely reason is that consumer income has fallen.

<h3>What is a normal good?</h3>

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls.

The demand curve shows the relationship between price and quantity demanded. A shift to the left of the demand curve indicates that demand has decreased.

To learn more about normal goods, please check: brainly.com/question/2934596

#SPJ1

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EXCEPT Group of answer choices monopolistic or oligopolistic practices in goods markets. restrictions on trade. the inflation data reported in different countries are based on different commodity baskets.

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