In 2015, the price of peanuts was rising, which led peanut butter buyers to expect the price of peanut butter would rise in the future. Consequently, in the current market for peanut butter there was ________ which resulted in ________ in the price of peanut butter and ________ in the quantity of peanut butter.

Question

Quizplus · Accepted Answer

The expectation of a future price increase for peanut butter led to an increase in demand for peanut butter in the present. This increase in demand resulted in a higher price and a higher quantity of peanut butter sold in the market.

In 2015, the Price of Peanuts Was Rising, Which Led