Equilibrium in the Market for Peanut Butter Is Disturbed by an Increase

question 18

Multiple Choice

Equilibrium in the market for peanut butter is disturbed by an increase in the price of peanuts.Assuming that the supply curve of peanut butter is upward-sloping,producer surplus in the peanut butter market:

• A)will increase.
• B)will decrease.
• C)will not change.
• D)may change,but we cannot determine the change without more information.

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