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Assuming That Peanut Butter and Jam Are Complementary Goods, an Increase

Question 45

Multiple Choice

Assuming that peanut butter and jam are complementary goods, an increase in the price of peanut butter will cause:


A) a decrease in the demand for peanut butter.
B) a decrease in the demand for jam.
C) an increase in the demand for jam.
D) no change in the demand for jam but a decrease in the quantity demanded of peanut butter.

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