Which of the Following Can Account for a Decrease in the Demand

question 47

Multiple Choice

Which of the following can account for a decrease in the demand for peanut butter, a normal good?

• A) an increase in the supply of peanut butter
• B) an increase in the price of peanut butter
• C) a substantial increase in the price of bread
• D) a drought in Georgia that destroyed 30 percent of the peanut crop
• E) an increase in consumer income

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