Question

question 1 (multiple choice worth 4 points) (01.03 hc) the price of a gallon of oat milk falls from $10 to $5. as a result, people start buying more oat milk as an alternative to almond milk. 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

Explanation:

Oat milk and almond milk are substitute goods. When the price of oat milk falls, people buy more oat milk and less almond milk, causing the demand for almond milk to decrease due to the change in the price - relatedness of the two goods (related goods).

Answer:

C. Decreased; related goods