When the price of peanuts falls:

Name: When the price of peanuts falls:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the price of a good falls, it becomes relatively cheaper compared to other goods in the market. As a result, consumers tend to substitute other goods with the cheaper good, leading to an increase in the quantity demanded of that good. Therefore, when the price of peanuts falls, the quantity demanded of peanuts increases.

When the Price of Peanuts Falls