Oatmeal is a normal good and cold cereal is a substitute for oatmeal.Raisins are a complement of oatmeal.Which of the following increases the demand for oatmeal?

Question

Quizplus · Accepted Answer

An increase in the price of cold cereal, which is a substitute for oatmeal, will make oatmeal more attractive to consumers, leading to an increase in the demand for oatmeal. The other options are unlikely to affect the demand for oatmeal or could even lead to a decrease in demand.

Oatmeal Is a Normal Good and Cold Cereal Is a Substitute