"Consumer demand for meat has continued to rise throughout the pandemic, despite higher prices, according to a recent analysis from CoBank. Beef consumption has grown $1\mathrm{.}4\%$ from $2019$ to $2021$ even as combined retail prices increased by more than $20\%,$ the report found. And for ch cken, both consumption and prices hit record$-$high levels in $2021.$ But as beef pnces continue to increase, consumers may begin to "rade down" when deciding which protein to purchase. CoBank said, with chicken most likely to beneft. Tre USOA is expecting a sight decine in beet consumption in $2022-23$ as domestc supples tall with strinking catre herds and growing exports, CoBank noted.

It the quamity demanded of chicken increases by $5\%$ when the poce of beet increases by $20\%,$ the cross elasticty of demand between ch chen and beet is