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Assume cereal and milk are complements for most consumers. Use the slider to show what will happen to the demand for cereal if the price of milk decreases?
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May 3, 2021
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Assume cereal and milk are complements for most consumers. Use the slider to show what will happen to the demand for cereal if the price of milk decreases?
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MrLoon
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It will go up because the milk is cheaper and they will buy what goes with it because they are complements ( milk and cereal ) this leads people to buy what goes with it so more cereal will be bought
Deepflame
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May 7, 2021
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An increase in the price of milk causes a decrease in the demand for cereal. The two products are a. substitutes. c. unrelated. b. complements. d. demand elastic.
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