In 2015, the Price of Peanuts Was Rising, Which Led

question 219

Multiple Choice

In 2015, the price of peanuts was rising, which led peanut butter buyers to expect the price of peanut butter would rise in the future. Consequently, in the current market for peanut butter there was ________ which resulted in ________ in the price of peanut butter and ________ in the quantity of peanut butter.

• A) an increase in demand for peanut butter; an increase; an increase
• B) an increase in supply of peanut butter; a decrease; an increase
• C) a decrease in demand for peanut butter; a decrease; a decrease
• D) a decrease in supply of peanut butter; an increase; a decrease