Multiple Choice
Which of the following can account for a decrease in the demand for peanut butter, a normal good?
A) an increase in the supply of peanut butter
B) an increase in the price of peanut butter
C) a substantial increase in the price of bread
D) a drought in Georgia that destroyed 30 percent of the peanut crop
E) an increase in consumer income
Correct Answer:
Verified
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