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Suppose that supply for peanut butter increases and the demand for peanut butter decreases. Which of the following is correct about equilibrium price and quantity?
Suppose that supply for peanut butter increases and the demand for peanut butter decreases. Which of the following is correct about equilibrium price and quantity? Question 16Select one: A. A decrease in quantity and an indeterminate change in price. B. An increase in quantity and a decrease in price. C. A decrease in price and an indeterminate change in quantity. D. An increase in quantity and an increase in price. E. No changes in either price or quantity
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