When milk prices increased in 2008, one milk consumer stated that the reason he cut down on milk consumption is so that he could drive his car. this action represents a:?

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Business

Cadence Vega

8 February, 12:36

When milk prices increased in 2008, one milk consumer stated that the reason he cut down on milk consumption is so that he could drive his car. this action represents a:?

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Quinton Huang · Answer 1

The action in 2008 in which milk prices increased and one milk consumer stated that the reason he cut down on milk consumption is so that he could drive his car represents movement along the demand curve for milk.

Movement along the demand curve usually occurs when the manufacturer raises or lowers the price of the product.