Assume Peanut Butter and Jelly Are Complements

question 1

Multiple Choice

Assume peanut butter and jelly are complements.Ceteris paribus,an increase in the price of peanut butter will cause the equilibrium price of jelly to

• A)Increase and the equilibrium quantity of jelly to decrease.
• B)Increase and the equilibrium quantity of jelly to increase.
• C)Decrease and the equilibrium quantity of jelly to decrease.
• D)Decrease and the equilibrium quantity of jelly to increase.

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