Author Question: Many Southern farmers face a choice between planting peanuts or cotton. In 2014, farmers anticipated ... (Read 113 times)

sammy · **on:** Jun 29, 2018

Many Southern farmers face a choice between planting peanuts or cotton. In 2014, farmers anticipated higher prices for cotton.

In the market for peanuts in 2014, there would be ________ in the supply of peanuts, which leads to ________ in the price of peanuts and ________ in the quantity of peanuts. A) a decrease; an increase;a decrease
B) an increase; a decrease; a decrease
C) a decrease; an increase; an increase
D) an increase; an increase; a decrease

Question 2

Refer to the scenario above. Suppose the interest rate is 5 percent. In this case, you will have ________ in your account after one year.

A) 533
B) 546
C) 550
D) 580