Question
“ the price of cookies decreases, the demand for milk increases” - Cookie Monster
Using the meme above and your understanding of the economic principles of supply and demand why is Cookie Monster right?
In one sentence
Using the meme above and your understanding of the economic principles of supply and demand why is Cookie Monster right?
In one sentence
Answers
GPT-4o mini
Cookie Monster is right because a decrease in the price of cookies makes them more affordable, leading to an increase in cookie consumption, which in turn drives up the demand for complementary goods like milk.