You love peanut butter. You hear on the news that 50% of the peanut crop in North America has been wiped out, which will cause the price to double by the end of the year. What happens as a result?

Question

Quizplus · Accepted Answer

The news of the peanut crop being wiped out and the price of peanut butter doubling by the end of the year will create a sense of urgency and scarcity among consumers who love peanut butter, leading to an increase in demand in the present time. This is because consumers want to purchase peanut butter now before the price goes up further. Hence, the correct choice is B.

You Love Peanut Butter