The Price of Peanut Butter Falls and as a Result

question 70

Multiple Choice

The price of peanut butter falls and as a result the demand for jelly increases. We can conclude that:

• A)​peanut butter and jelly are substitutes.
• B)​peanut butter and jelly are complements.
• C)​peanut butter and jelly are inferior goods.
• D)​the marginal value of jelly is greater than the marginal value of peanut butter.

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