In 2011,the price of peanuts was rising,which lead peanut butter sellers 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.
A) an increase in demand for peanut butter; an increase; an increase
B) an increase in supply of peanut butter; a decrease; an increase
C) a decrease in demand for peanut butter; a decrease; a decrease
D) a decrease in supply of peanut butter; an increase; a decrease
Correct Answer:
Verified
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