Multiple Choice
The price of peanut butter falls and as a result the demand for jam increases. What can we conclude?
A) Peanut butter and jam are inferior goods.
B) The marginal value of jam is greater than the marginal value of peanut butter.
C) Peanut butter and jam are complements.
D) Peanut butter and jam are substitutes.
Correct Answer:
Verified
Correct Answer:
Verified
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