Answer:
As the price of beef increases, consumption DECREASES, which means that for the demand of beef, there is an INVERSE relationship between price and consumption.
Explanation:
One of the basic principles in economics is the Law of Supply and Demand. As the price of a good increases, suppliers will increase the total quantity supplied, but the consumers will decrease the total quantity demanded, until an equilibrium point is reached.
The supply and demand law applies to basically every product or service available in the market.
