Question: Other things remaining the same, a fall in the price of peanuts will ________. A. Increase the supply of peanuts B. Decrease the supply of

Other things remaining the same, a fall in the price of peanuts will ________.

A. Increase the supply of peanuts

B. Decrease the supply of peanut butter

C. Decrease the quantity supplied of peanuts

D. Decrease the supply of peanuts

Step by Step Solution

★★★★★

3.52 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

C A fall in the price ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (2 attachments)

PDF file Icon

1448_6054778c2d5c0_660608.pdf

180 KBs PDF File

Word file Icon

1448_6054778c2d5c0_660608.docx

120 KBs Word File

Students Have Also Explored These Related Foundations Macroeconomics Questions!

Q:

Templeton Care Facilities, Inc. is contemplating a stock dividend. The firms stock price had risen over the last three years and was trading at $150 per share. The firms board of directors felt that...

Q:

Describe how Jerrys consumption possibilities change if, other things remaining the same, (i) The price of a magazine falls (ii) Jerrys income increases.

Q:

Both competitive firms and monopolies produce at the level where marginal cost equals marginal revenue. Then, other things remaining the same, why is price lower in a competitive market than in a...

Q:

(1) If Real GDP is $6 billion and the population is 180,002, per-capita Real GDP is Group of answer choices $30,000. $20,000. $33,333. $39,434. (2) Suppose that for a given good demand increases and...

Q:

If quantity demanded is completely unresponsive to changes in the price of good X, then demand for good X is Group of answer choices inelastic. unit elastic. elastic. perfectly elastic. perfectly...

Q:

10. If people begin to favor science fiction novels to a greater degree than previously, the demand curve for science fiction novels a. shifts rightward. b. shifts leftward. C. stays constant. d. can...

Q:

(1) Which of the following will most likely cause an increase (shift to the right) in both the long-run and short-run aggregate supply curves? Group of answer choices an increase in the national debt...

Q:

Suppose you have drawn a consumer's budget line for food and clothing with food on the horizontal axis and clothing on the vertical axis. If the price of food increases, the budget line becomes...

Q:

hi tutor. I couldn't solve it . can expert tutor help me ? 6) Which of the following shifts the demand curve for movies rightward? A) an increase in the price of HDTV sets B) an increase in the price...

Q:

1. As a result of increased environmental concern by the public, the government requires all firms in the paper industry to install expensive pollution abatement systems. Other things remaining the...

Q:

What are the objectives of fixes assets system?

Q:

You are given a list of accounts and amount of Suchico in the table below: Accounts Payable $61,250 $70,500 $50,000 Accounts Receivable Building Capital Stock Cash $50,000 $64,000 $30,000 Equipment...

Q:

What kinds of changes would you make to its multibusiness model to boost its profi tability?

Q:

2.19 The number of male rabbits in 100 litters, each containing 3 rabbits, are described in the table below: Number of males in litter 0 1 2 3 Number of litters 25 39 27 9 Consider how you would...

Q:

What argument might be used to encourage the government of Mexico to introduce a $2,000 tariff on car imports from the United States? Who will gain and who will lose as a result of Mexicos tariff?...

Q:

What argument might be used to encourage the government of Mexico to introduce a $2,000 tariff on car imports from the United States? Who will gain and who will lose as a result of Mexicos tariff?...

Q:

The people who support restricted international trade say that ______. A. Protection saves jobs, in both the U.S. and foreign economies B. U.S. firms wont be able to compete with low-wage foreign...

Q:

Transportation companies, independent warehouses, banks, and advertising agencies assisting in the distribution process but neither take title to goods nor negotiate purchases or sales are called _ _...

Q:

Two months ago, firm X was responsible for a major environmental catastrophe. The stock price for X has fallen significantly since then. There is uncertainty about what the financial damage to the...

Q:

You place an order for 480 units of inventory at a unit price of $195. The supplier offers terms of 1/12, net 30 How long do you have to pay before the account is overdue? If you take the full...