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If the Price of Peanut Butter Decreases Substantially (Ceteris Paribus)

Question 93

Multiple Choice

If the price of peanut butter decreases substantially (ceteris paribus) , the equilibrium quantity of jelly, a complement, is likely to:


A) ​increase, and the equilibrium price of jelly is likely to decrease.
B) ​increase, and the equilibrium price of jelly is likely to increase.
C) ​decrease, and the equilibrium price of jelly is likely to decrease.
D) ​decrease, and the equilibrium price is of jelly likely to increase.

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