As the price of beef increases, consumption , which means that for the demand of beef, there is a(n) relationship between price and consumption.

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.

step 1: create a plan

step 2: inventory facility equipment/assets

step 3: create preventive maintenance procedures

step 4: create preventive maintenance schedules

step 5: train your maintenanceteam

step 6: analyze – adjust - improve

or

step 1 – pm procedure design: doing the effective things

step 2 – pm procedure scheduling: efficient use of people and resources

step 3 – pm lubrication engineering

step 4 – pm training: back on the chain gang

step 5 – pm program management plan

step 6 – communicate, communicate, communicate

answer: d. characteristics of guests

explanation: it is directly related to the spending characteristics of attendees who fall into each of these categories: