Consider the Market for Peanut Butter

question 261

Multiple Choice

Consider the market for peanut butter.If there is a decrease in the price of deli turkey slices (a substitute in consumption for peanut butter) along with a decrease in the price of peanut brittle (a substitute in production for peanut butter) ,the

• A) equilibrium price of peanut butter definitely falls.
• B) equilibrium quantity of peanut definitely decreases.
• C) equilibrium price of peanut butter might rise or fall.
• D) equilibrium quantity of peanut butter definitely increases.
• E) equilibrium price of peanut butter definitely rises.

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