Question: Which of the following would cause a decrease in the demand for peanut butter? An increase in the price of Nutella, a substitute for peanut
Which of the following would cause a decrease in the demand for peanut butter?
An increase in the price of Nutella, a substitute for peanut butter.
An increase in the price of jelly, a complement to peanut butter.
An increase in income, assuming peanut butter is a normal good.
A decrease in the price of peanuts used to make peanut butter.
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