Multiple Choice
In 2014, the price of peanuts was rising, which lead peanut butter sellers and peanut butter buyers to expect the price of peanut butter would rise in the future. Suppose the effect on the sellers was larger than the effect on the buyers. Consequently, in the current market for peanut butter there is a ________ in the price of peanut butter and ________ in the quantity of peanut butter.
A) rise; an increase
B) rise; a decrease
C) fall; a decrease
D) fall; an increase
Correct Answer:

Verified
Correct Answer:
Verified
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