MCQOPTIONS
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| 1. |
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» D. None of above | |