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Duplicate of Demand & Supply Flashcards | StudBud
Duplicate of Demand & Supply
1 / 15
What would happen to the demand for peanuts if an insect destroyed half the peanut crop?
A
market equilibrium, stable prices for all goods
B
income effect lower demand for peanuts
C
law of demand, lower prices for all goods
D
supply shock, higher consumption of peanuts
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