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)