An increase in the price of milk causes a decrease in the demand for cereal. the two products are

This is a List of Available Answers Options :

substitutes
complements
unrelated
demand elastic

The best answer is B. complements.

Reported from teachers around the world. The correct answer to ❝An increase in the price of milk causes a decrease in the demand for cereal. The two products are❞ question is B. complements.
I Recommend you to read the next question and answer, Namely A listing of the specific quantities that would be purchased at various prices is known as.... with very accurate answers.

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An increase in the price of milk causes a decrease in the demand for cereal. The two products arecomplements.If a modest price increase has little or no effect, the demand for the product is inelastic.A demand schedule shows a listing of the various quantities demanded of a particular product at all pricesthat might prevail in the market.When a customer's need for a product is not urgent, demand tends to be elastic.Total cost is the sum of the fixed and variable costs.The level of profit-maximizing output is reached when marginal cost is equal to marginal revenue.Which of the following choices could cause the movement shown in this graph?