Peanut Butter and Jelly Are Complements

question 104

Multiple Choice

Peanut butter and jelly are complements.If a tax is imposed on peanut butter,how will that affect the market for jelly?

• A) Demand for jelly will increase along with the price.
• B) Demand for jelly will decrease along with the price.
• C) The supply of jelly will increase and the price will decrease.
• D) Both the supply and demand for jelly will increase along with the price.
• E) The supply of jelly will decrease and the price will increase.

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Definitions:

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