In 2014, the price of peanuts was rising, which led peanut butter sellers and peanut butter buyers to expect the price of peanut butter would rise in the future. In the current market for peanut butter, the price rises and the quantity increases. This set of results means that

Question

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The expectation of a future price increase leads to an increase in current demand, while the rising price of peanuts decreases supply. The increase in price and quantity indicates that demand increased more than supply decreased.

In 2014, the Price of Peanuts Was Rising, Which Led