Multiple Choice
The graph illustrates the demand for peanuts. Peanuts are a normal good because
A) the demand curve shows that, if the price of peanuts rises, there is a movement along the demand curve to a lower quantity demanded.
B) peanuts have both substitutes and complements.
C) the demand for peanuts increases when the price of one of its substitutes rises.
D) the demand curve for peanuts slopes downward.
E) the demand for peanuts increases when income increases.
Correct Answer:
Verified
Related Questions
