A decrease in the demand for peanut butter could be caused by a(n)
a. increase in the supply of peanut butter
b. increase in the price of peanut butter
c. doubling of the price of bread
d. drought in Georgia that destroyed 30 percent of the peanut crop
e. increase in consumer income
Question 2
If good B is a complement to good A, then a rise in the price of B
a. increases the quantity demanded of A
b. decreases the demand for A
c. increases the demand for A
d. decreases the quantity demanded of A
e. will cause the demand for B to increase
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Suppose a country imports televisions. The country's supply and demand curves are shown in ...