Multiple Choice
If an increase in income leads to in an increase in the demand for peanut butter, then peanut butter is a:
A) neutral good.
B) normal good.
C) necessity.
D) complement.
Correct Answer:

Verified
Correct Answer:
Verified
Q127: Vineyards can grow either red wine grapes
Q128: Figure 3-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 3-7
Q128: Elle decreased her consumption of bananas when
Q129: Which of the following would cause both
Q130: Olive oil producers can now sell more
Q133: Assume that both the demand curve and
Q134: Holding everything else constant, a decrease in
Q136: Orange juice producers sell a lower quantity
Q150: In October, market analysts predict that the
Q159: Figure 3-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 3-5