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Which of the following is not a determinant of the demand for oat cereals? Price of...

Which of the following is not a determinant of the demand for oat cereals?

Price of oats used ot make the cereals
Price of milk.
Price wheat cereals.
The expected price of oat cereals.
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Answer #1

Option 1

Price of oats used to make the cereals

The price of oats is determinant of supply and not demand as it is raw material to make the oat cereals

all others are determinant of demand.

milk is a complement good and related to the demand of oat cereals inversely

Wheat cereals are the substitute for it and have positive cross-price elasticity with oat cereals.

the expectation also changes demand, if the price is low in the future than the demand for present decreases and vice versa.

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