Which of the following would most likely increase the demand for peanut butter? a. the invention of a new product that consumers think is a good substitute for peanut butter b. crop failures that raise the price of peanuts c. the discovery that excessive consumption of peanut butter is harmful to one's health d. a decrease in the price of jelly, a good that is often used with peanut butter
Which of the following would most likely increase the demand for peanut butter? a. the invention of a new product that consumers think is a good substitute for peanut butter b. crop failures that raise the price of peanuts c. the discovery that excessive consumption of peanut butter is harmful to one's health d. a decrease in the price of jelly, a good that is often used with peanut butter
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Which of the following would most likely increase the demand for peanut butter?
a. |
the invention of a new product that consumers think is a good substitute for peanut butter
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|
b. |
crop failures that raise the
|
|
c. |
the discovery that excessive consumption of peanut butter is harmful to one's health
|
|
d. |
a decrease in the price of jelly, a good that is often used with peanut butter
|
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