Recent advances in technology have made vegetarian meals far cheaper to produce. Assuming that vegetarian meals and beef are substitutes, what would be the expected change in the demand for beef, ceteris paribus?(1 point)
Responses
The demand for beef would decrease.
The demand for beef would decrease.
The demand for beef would be unaffected.
The demand for beef would be unaffected.
The demand for beef would increase.
The demand for beef would increase.
It is impossible to tell from the information provided.