The price of peanuts increases. How does this affect the market for peanut butter? Group of...
The price of peanuts increases. How does this affect the market for peanut butter? Group of answer choices
a The supply curve will shift to the left. The price will rise.
b The demand curve will shift to the right. The price will rise.
c The supply curve will shift the right. The price will rise.
Homework Answers
Since peanut butter is made up of peanuts which means if the price of peanut increases then price of peanut butter will also increase
And as from the law of supply price and quantity supply are directly related in cetris paribus .
so if price is increased then supply curve of peanut butter will shift the left and price will increase.
Option A is true
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