The most likely cause for a sudden decrease in the amount of milk being purchased in the United States is increased price of milk. When prices rise, consumers typically buy less of a good, leading to a decrease in the quantity purchased.
Imagine that the amount of milk being purchased in the United States suddenly decreased.
Which of the following is the most likely cause?
(1 point)
Responses
increased price of milk
increased price of milk
increased supply of milk
increased supply of milk
decreased demand for milk
decreased demand for milk
decreased competition for milk
1 answer
1 answer