In 2014, the Price of Peanuts Increased

question 236

Multiple Choice

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.

• 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:

Work Automation

The use of technology to perform tasks without human intervention, often leading to increased efficiency but also potentially job displacement.

Standardization

The process of implementing and developing technical standards to ensure consistency and compatibility in products, services, or practices.

Degradation

The process of something being destroyed or broken down, whether physically, morally, or environmentally.

Nomadic Tribes

Groups of people who move from place to place rather than settling permanently in one location, often following traditional routes.