A meat processing plant produces both steak and ground beef. What effect would rising market prices for steak have on the market for ground beef

The supply of ground beef will decrease

Explanation:

Here are the options to this  question :

The supply of ground beef will increase.

The supply of ground beef will decrease.

There will be an increase in the quantity supplied of ground beef.

The supply of steak will decrease.

An increase in the price of steak would lead to an increase in quantity suoplied of steak. As a result of an increase in supply of steak, more steak would be produced. As a result, less of ground beef would be produced and supplied. This would lead to a leftward shift of the supply curve for ground beef

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;