What Would Happen to the Equilibrium Price and Quantity of Peanut

question 115

Multiple Choice

What would happen to the equilibrium price and quantity of peanut butter if the price of peanuts went up,the price of jelly fell,fewer firms decided to produce peanut butter,and health officials announced that eating peanut butter was good for you?

• A)Price will fall,and the effect on quantity is ambiguous.
• B)Price will rise,and the effect on quantity is ambiguous.
• C)Quantity will fall,and the effect on price is ambiguous.
• D)Quantity will rise,and the effect on price is ambiguous.

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Definitions:

Intellectual Disability

A condition of limited mental ability, indicated by an intelligence test score of 70 or below and difficulty adapting to the demands of life. (Formerly referred to as mental retardation.)

G Factor

The general intelligence factor theorized to underlie all cognitive abilities, measured by various intelligence tests.

Emotional Intelligence

The ability to recognize, understand, and manage one's own emotions and those of others in a productive and healthy manner.

G Factor

A term used in psychology, referring to the general intelligence factor believed to underlie all intelligent activity.