Solved

In 2011,the Price of Peanuts Was Rising,which Lead Peanut Butter

Question 26

Multiple Choice

In 2011,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 buyers was larger than the effect on the sellers.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:

verifed

Verified

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

Related Questions