In 2014, 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. In the current market for peanut butter, the price falls and the quantity decreases
This set of results means that A) supply decreased by more than demand increased.
B) demand increased by more than supply decreased.
C) demand increased by more than supply increased.
D) supply decreased by more than demand decreased.
A
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In the United States, runs on banks are prevented because
A) banks are forbidden to make unprofitable loans. B) banks have the option of denying depositors access to their funds. C) the government guarantees bank accounts for up to $250,000. D) banks keep 100 percent of their deposits on hand.
When we say that trade is roundabout we mean that
a. people sometimes trade goods for goods. b. trades require a double coincidence of wants. c. currency is accepted primarily to make further trades. d. people must spend time searching for the products they wish to purchase.