Considering the supply and demand for oatmeal what would, Ask an Expert

Economics

Considering the supply and demand for oatmeal. What would happen to the supply and demand curves in these situations:

People decide that they no longer like oatmeal.

The Quaker company goes out of business

The price of wheat ( a substitute in production) increases.

The Surgeon General announces that everyone should be eating a bowl of oatmeal a day.

People’s income go up (assuming, oatmeal is an inferior good)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91725390

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