In the supply-and-demand diagram of the market for peanut butter, the equilibrium point has moved up and to the right. What could have caused this?

Name: In the supply-and-demand diagram of the market for peanut butter, the equilibrium point has moved up and to the right. What could have caused this?
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Question

Quizplus · Accepted Answer

A shift in preferences toward peanut butter would increase demand, causing the equilibrium point to move up and to the right, indicating a higher price and quantity.

In the Supply-And-Demand Diagram of the Market for Peanut Butter