An Increase in the Demand for Peanuts Due to Changes

question 84

Multiple Choice

An increase in the demand for peanuts due to changes in consumer tastes,accompanied by an increase in the supply of peanuts as a result of favorable growing conditions,will result in

• A)an increase in the equilibrium quantity of peanuts and no change in the equilibrium price.
• B)an increase in the equilibrium price of peanuts and no change in the equilibrium quantity.
• C)an increase in the equilibrium price of peanuts; the equilibrium quantity may increase or decrease.
• D)an increase in the equilibrium quantity of peanuts; the equilibrium price may increase or decrease.

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Definitions:

Skeletal Muscles

Voluntary muscles attached to the skeleton that are responsible for movement and maintaining posture by contracting.

Sympathetic

Pertaining to the sympathetic nervous system, a part of the autonomic nervous system that prepares the body for fight or flight responses.

Parasympathetic

Part of the autonomic nervous system responsible for rest and digest functions, reducing heart rate and increasing digestive activities.

Homeostasis

The process by which organisms maintain a stable internal environment despite changes in the external environment.