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Consider the market for peanut butter, a normal good. Assume this market is approximately perfectly competitive. What happens if the price of peanuts rises? Group
Consider the market for peanut butter, a normal good. Assume this market is approximately perfectly competitive. What happens if the price of peanuts rises? Group of answer choices There's a decrease in price and an increase in quantity There's an increase in price and decrease in quantity There's an increase in price and quantity There's a decrease in price and quantity
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