Question

if the price of milk changes from $1 per gallon to $4 per gallon, what happens to the quantity demanded for milk? there is no change in the quantity demanded for milk. there is an increase in the quantity demanded for milk. it decreases from 100 gallons to 70 gallons. it increases from 70 gallons to 100 gallons.

Explanation:

Based on the law of demand, when the price of a normal good like milk rises, the quantity demanded decreases. Among the options, only one reflects a decrease in quantity demanded.

Answer:

It decreases from 100 gallons to 70 gallons.