Consider the Market for Peanut Butter

question 15

Multiple Choice

Consider the market for peanut butter. If there is an increase in the price of peanuts,

• A)there is an upward movement along the supply curve for peanut butter.
• B)there is a decrease in the supply of peanuts.
• C)the supply curve for peanuts shifts rightward.
• D)there is a decrease in the demand for peanut butter.
• E)there is a decrease in the supply of peanut butter.