McqMate
Q. |
What will happen to the equilibrium price and quantity of peanut butter if peanuts increase in price and the price of jelly decreases? |
A. | the equilibrium price and quantity increase |
B. | the equilibrium price will fall and the equilibrium quantity will be indeterminate |
C. | the equilibrium price will rise and the equilibrium quantity will be indeterminate |
D. | None of above |
Answer» C. the equilibrium price will rise and the equilibrium quantity will be indeterminate |
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Fundamentals of Economics and ManagementNo comments yet