In 2014, the Price of Peanuts Was Rising, Which Led

question 261

Multiple Choice

In 2014, the price of peanuts was rising, which led peanut butter sellers and peanut butter buyers to expect the price of peanut butter would rise in the future. In the current market for peanut butter, the price rises and the quantity increases. This set of results means that

• A) demand increased by more than supply decreased.
• B) supply decreased by more than demand increased.
• C) demand increased by more than supply increased.
• D) supply decreased by more than demand decreased.

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Definitions:

Coriolis Effect

The apparent deflection of moving objects (such as airplanes, wind, and ocean currents) to the right in the northern hemisphere and to the left in the southern hemisphere, resulting from the Earth's rotation.

Northern Hemisphere

The half of Earth that lies north of the equator, containing the majority of the planet's landmasses.

Southern Hemisphere

Refers to the half of Earth that lies south of the equator, encompassing regions like Australia, Antarctica, most of South America, and southern Africa.

Flow Cells

Circulatory patterns in fluids (air, water) driven by thermal or density differences, contributing to global atmospheric and oceanic circulation.