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

Question

Quizplus · Accepted Answer

A fall in the price of peanuts, which are an input in the production of peanut butter, would decrease production costs, leading to an increase in supply. This would cause the equilibrium point to move down (lower price) and to the right (higher quantity).

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