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Author Question: In 2014, the price of peanuts increased. In the market for peanut butter, this change lead to ... (Read 45 times)

javeds

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on: Jun 29, 2018
In 2014, the price of peanuts increased. In the market for peanut butter, this change lead to ________ and which therefore ________ the price of peanut butter and ________ the quantity of peanut butter.
 
  A) a decrease in the supply; increased; decreased
  B) an increase in supply; decreased; increased
  C) a decrease in demand; decreased; decreased
  D) an increase in demand; increased; increased

Question 2

According to the quantity theory of money, money growth and inflation are
 
  A) positively correlated.
  B) negatively correlated.
  C) independent, that is, not correlated.
  D) positively correlated if the inflation rate is positive and negatively correlated if the inflation rate is negative.


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abro1885

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


javeds

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Reply 2 on: Jun 29, 2018
Excellent

shailee

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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