Consider the market for peanut butter. If there is an increase in the price of bread (a complement for peanut butter) along with a drought in peanut growing areas, the
A) equilibrium quantity of bread increases.
B) equilibrium quantity of peanut butter definitely decreases.
C) equilibrium quantity of peanut butter might increase or might decrease.
D) equilibrium price of peanut butter definitely rises.
E) equilibrium price of peanut butter definitely falls.
B
Economics
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Alternating periods of economic expansion and recession are known as the:
A) Fisher effect B) business cycle C) market risk D) systematics
Economics
A decrease in nominal incomes cause a:
a. rightward shift in the short-run aggregate supply curve. b. leftward shift in the short-run aggregate supply curve. c. rightward shift in the long-run aggregate supply curve. d. leftward shift in the long-run aggregate supply curve.
Economics