QUESTION IMAGE
Question
(01.03 hc)
the price of a gallon of almond milk increases from $5 to $10, so people start buying more oat milk as an alternative. this causes a shift to the left in the demand for almond milk. demand for almond milk __________ because of a change in __________.
increased; tastes and preferences
increased; number of buyers
decreased; related goods
decreased; income
When the price of almond milk increases, people switch to oat milk (a substitute). A left - shift in demand means demand decreases. Substitute goods (related goods) cause this change.
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Decreased: related goods