Which of the Following Could Cause a Decrease in the Demand

question 150

Multiple Choice

Which of the following could cause a decrease in the demand for peanut butter?  

• A) an increase in the supply of peanut butter 
• B) an increase in the price of peanut butter 
• C) A doubling of the price of bread 
• D) a drought in Georgia that destroys 30 percent of the peanut crop

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Definitions:

Sales Contract

A legally binding agreement between buyer and seller detailing the terms and conditions of a sale of goods or services.

Acceptance

The act of agreeing to the terms of an offer, contract, or proposal, creating a binding agreement.

Additional Terms

Supplementary conditions or provisions added to a contract that were not included in the original agreement.

Statute Of Frauds

A state statute under which certain types of contracts must be in writing to be enforceable.