An Increase in the Demand for Peanuts Due to Changes

question 84

Multiple Choice

An increase in the demand for peanuts due to changes in consumer tastes,accompanied by an increase in the supply of peanuts as a result of favorable growing conditions,will result in

• A)an increase in the equilibrium quantity of peanuts and no change in the equilibrium price.
• B)an increase in the equilibrium price of peanuts and no change in the equilibrium quantity.
• C)an increase in the equilibrium price of peanuts; the equilibrium quantity may increase or decrease.
• D)an increase in the equilibrium quantity of peanuts; the equilibrium price may increase or decrease.

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Definitions:

Military Intervention

The act of a nation deploying its armed forces into another territory, typically for conflict resolution, peacekeeping, or to enforce a political objective.

Women's Christian Temperance Union

An organization founded in 1874 advocating for the prohibition of alcohol, using women's supposedly greater purity and morality as a rallying point.

Prohibition

A period in U.S. history (1920-1933) during which the manufacture, sale, and transportation of alcoholic beverages were legally prohibited.

Women's Suffrage

The right of women to vote in elections, achieved through a long struggle and culminating in the United States with the 19th Amendment in 1920.