Consider the market for peanut butter. If there is an increase in the price of peanuts,
A) there is a decrease in the supply of peanuts.
B) there is a decrease in the demand for peanut butter.
C) there is an upward movement along the supply curve for peanut butter.
D) there is a decrease in the supply of peanut butter.
E) the supply curve for peanuts shifts rightward.
D
Economics
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If a good has an external benefit, efficiency can be achieved by
A) leaving the market unregulated. B) monopolizing the market. C) offering a private subsidy on the good equal to the external benefit. D) imposing a tax on the good equal to the external benefit.
Economics
A monopoly creates no deadweight when it maximizes its profit
Indicate whether the statement is true or false
Economics