You go to Starbucks and see that the price of your favorite tall vanilla latte has gone up by 25 cents. All sizes of the vanilla lattes are now more expensive. As a result of this price increase, you would expect to see a

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When the price of a product increases, consumers generally decrease their quantity demanded, leading to a decrease in the quantity demanded of vanilla lattes. However, this does not necessarily mean that the demand for vanilla lattes has decreased overall, as there may still be people who are willing to pay the higher price for the product.

You Go to Starbucks and See That the Price of Your