Compass Lexecon

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Interview Question

Summer Analyst Interview Oakland, CA

What would happen to the price of chicken if the supply for

  beef increased?
Answer

Interview Answer

1 Answer

0

Assuming chicken and beef are substitues:

Increase in the supply of beef --> decrease in the price of beef --> decrease in the demand for chicken --> decrease in the price for chicken.

Anonymous on Dec 24, 2012

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