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Author Question: An increase in the demand for peanut butter, a normal good, can be caused by a(n): a. decrease in ... (Read 109 times)

wenmo

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on: Jun 30, 2018
An increase in the demand for peanut butter, a normal good, can be caused by a(n):
 a. decrease in consumer income.
  b. increase in the price of jams, jellies, and preserves.
  c. decrease in the price of bread.
  d. drought in Georgia that destroyed 30 percent of the peanut crop.
  e. decrease in the price of bologna.

Question 2

Which of the following will cause the demand curve for a good to shift to the right?
 a. Decrease in income for a normal good.
  b. Increase in the price of a complementary good.
  c. Decrease in the price of the good.
  d. Increase in the price of a substitute good.
  e. Expectation of a future price decline.


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ApricotDream

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


wenmo

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

tandmlomax84

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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