The price of a carton of milk went down by 25 cents today. What will probably happen to the quantity of milk demanded?

When the price of a good, such as a carton of milk, decreases, the quantity demanded for that good typically increases. This relationship between price and quantity demanded is described by the law of demand, which states that, all else being equal, an increase in the price of a good will decrease the quantity demanded, and a decrease in the price will increase the quantity demanded.

In this case, since the price of a carton of milk has gone down by 25 cents, consumers are likely to respond by buying more milk. The lower price makes milk more affordable, which can attract more buyers and potentially increase their purchases.

The extent to which the quantity demanded increases will depend on several factors, including consumer preferences, the availability of substitutes, and the overall price elasticity of demand for milk. However, generally speaking, it can be concluded that a reduction in price will lead to an increase in the quantity of milk demanded.