Which of the Following Will Cause a Decrease in the Demand

question 160

Multiple Choice

Which of the following will cause a decrease in the demand for peanut butter?

• A) an increase in the supply of peanut butter
• B) an increase in the price of peanut butter
• C) a doubling of the price of bread
• D) a drought in Georgia that destroyed 30 percent of the peanut crop
• E) an increase in consumer income

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Definitions:

LLLP

A limited liability limited partnership, a type of partnership where some partners have limited liability (similar to limited partners in an LP) while also having the ability to participate in management.

General Partner

A general partner is an owner of a partnership who has unlimited liability and is typically involved in the day-to-day management of the business.

Share of Profit

An individual's or entity's portion of the net profits derived from a business venture, investment, or partnership.

Conversion

The wrongful act of taking or using someone else's property without permission, treating it as if it were one's own.