In 2014, the Price of Peanuts Increased

question 441

Multiple Choice

In 2014, the price of peanuts increased. In the market for peanut butter, this change led to ________ and which therefore ________ the price of peanut butter and ________ the quantity of peanut butter.

• A) a decrease in the supply; increased; decreased
• B) an increase in supply; decreased; increased
• C) a decrease in demand; decreased; decreased
• D) an increase in demand; increased; increased

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Definitions:

Unpopped Kernels

Corn kernels that remain hard and unexpanded after an attempt to pop them, usually due to insufficient heat.

Microwave Popcorn

A convenience food consisting of popcorn that is packaged for microwave cooking.

Reasonable And Customary

Refers to the standard or average cost for services or goods in a particular area, used to determine appropriate charges.

Medical Procedure

A method performed to diagnose, treat, or prevent illness or disease within the healthcare context.