Examlex
In 2014, the price of peanuts increased. In the market for peanut butter, this change lead to ________ and which therefore ________ the price of peanut butter and ________ the quantity of peanut butter.
Rational Self-Interest
The principle that individuals will make decisions that they perceive to be in their best interest, maximizing their utility or benefit.
Values
The importance, worth, or usefulness of something, often influencing individuals' choices and behaviors.
Sold
The past tense of sell, indicating the transfer of goods or services in exchange for money or other compensation.
Reservation Price
The maximum price that a buyer is willing to pay for a good or service, beyond which the buyer will choose not to purchase.
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