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Home Q & A Board Other Fields Homework Help Business Economics
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Tidy Tidy
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8 years ago
An increase in the demand for peanuts due to changes in consumer tastes, accompanied by an increase in the supply of peanuts as a result of favorable growing conditions, will result in
A) an increase in the equilibrium quantity of peanuts and no change in the equilibrium price.
B) an increase in the equilibrium price of peanuts and no change in the equilibrium quantity.
C) an increase in the equilibrium price of peanuts; the equilibrium quantity may increase or decrease.
D) an increase in the equilibrium quantity of peanuts; the equilibrium price may increase or decrease.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 453 times
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SydnieSydnie
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8 years ago
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Tidy Author
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8 years ago
Brilliant ツ
einstein
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Yesterday
Good timing, thanks!
Smair87
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2 hours ago
Correct Slight Smile TY
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