Which of the Following Would Cause an Increase in the Supply

question 100

Multiple Choice

Which of the following would cause an increase in the supply of peanut butter?

• A) a decrease in the price of grape jelly (assuming that peanut butter and grape jelly are complements)
• B) an increase in the price of peanut butter
• C) an increase in the price of a product that producers sell instead of peanut butter
• D) an increase in the number of firms that produce peanut butter

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Definitions:

Sensory Memory

The shortest-term element of memory, which acts as a buffer for stimuli received through the senses, lasting up to a few seconds.

Selectively Attended

The cognitive process of focusing on a particular object in the environment for a certain period, while ignoring other perceivable information.

Long-term Memory

A type of memory storage that can hold information for extended periods of time, ranging from minutes to a lifetime, encompassing a wide range of knowledge, experiences, and skills.

Meaningful

Having significance, purpose, or value that is important to an individual or group.