Which scenario is the MOST likely effect of an increase in the price of milk on the market for cereal?

Question

Quizplus · Accepted Answer

Milk and cereal are complementary goods, meaning that they are often consumed together. An increase in the price of milk would result in a decrease in the quantity demanded of milk, which would lead to a decrease in the quantity demanded of cereal. This would cause a leftward shift in the demand curve for cereal, resulting in a lower equilibrium price and quantity. Therefore, the most likely effect of an increase in the price of milk on the market for cereal is a decreased equilibrium price of cereal and a decreased equilibrium quantity of cereal.

Which Scenario Is the MOST Likely Effect of an Increase