-The Graph Illustrates the Demand for Peanuts

question 115

Multiple Choice

-The graph illustrates the demand for peanuts.Peanuts are a normal good because the

• A) demand curve for peanuts slopes downward.
• B) demand for peanuts increases when income increases.
• C) demand for peanuts increases when the price of one of its substitutes rises.
• D) peanuts have both substitutes and complements.
• E) demand curve shows that if the price of peanuts rises, there is a movement along the demand curve to a lower quantity demanded.

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Definitions:

Duress

A situation where an individual is forced or pressured into making a decision against their will or judgement through threats or coercion.

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A telecommunications service provider known for offering voice and data services to businesses.

Unilateral Contract

A promise exchanged for an act.

Bilateral Contract

A promise exchanged for a promise.