Use the following to answer question:
-(Table: The Market for Chocolate-Covered Peanuts)Use Table: The Market for Chocolate-Covered Peanuts.If the price of chocolate-covered peanuts is $0.60,the price will:
A)not change.
B)fall to $0.30.
C)fall to $0.50.
D)rise to $0.70.

Question

Use the following to answer question: 
-(Table: The Market for Chocolate-Covered Peanuts)Use Table: The Market for Chocolate-Covered Peanuts.If the price of chocolate-covered peanuts is $0.60,the price will:
A)not change. 
B)fall to $0.30. 
C)fall to $0.50. 
D)rise to $0.70.

Quizplus · Accepted Answer

Without the specific table data, it's impossible to analyze the market dynamics accurately. However, if the question implies that $0.60 is the equilibrium price, then the price would not change, as the market forces of supply and demand are in balance at this price.

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