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3. (parts a - h) explain what, if anything, will happen to the Demand for Steak. a) there was an increase in the average level

3. (parts a - h) explain what, if anything, will happen to the Demand for Steak.

a) there was an increase in the average level of income.

b) an increase in the number of families.

c) an increase in the prices of veal and pork.

d) a successful advertising campaign for veal and pork.

e) a decrease in the prices of veal and pork.

f) there was a decrease in the average level of income.

g) the price of steak increased

h) the price of steak decreased

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