Solved

The Graph Illustrates the Demand for Peanuts

Question 86

Multiple Choice

The graph illustrates the demand for peanuts. Peanuts are a normal good because


A) the demand curve shows that, if the price of peanuts rises, there is a movement along the demand curve to a lower quantity demanded.
B) peanuts have both substitutes and complements.
C) the demand for peanuts increases when the price of one of its substitutes rises.
D) the demand curve for peanuts slopes downward.
E) the demand for peanuts increases when income increases.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions