Which of the following would cause a decrease in the supply of peanut butter?
A) a decrease in the price of jelly (assuming that peanut butter and jelly are complements)
B) a decrease in the price of peanut butter
C) an increase the price of peanuts
D) an increase in the technology used to produce peanut butter
Answer: C
Economics
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A) d to a. B) d to c. C) c to d. D) c to b.
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In a sequential game, if Irene decides to enter the market, what would be Mattie's best response?
a. Accommodate b. Fight c. Run away d. Shut down
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