Which of the following might lead to an increase in the equilibrium price of jelly and a decrease in the equilibrium quantity of jelly sold?   Question 6 options:   An increase in the price of peanut butter, a complement to jelly   An increase in the price of grapes, an input in jelly production   An increase in consumers income, assuming jelly is a normal good   An increase in the price of marshmallow fluff, a substitute for jelly

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 6CQQ
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Which of the following might lead to an increase in the equilibrium price of jelly and a decrease in the equilibrium quantity of jelly sold?

 

Question 6 options:

 

An increase in the price of peanut butter, a complement to jelly

 

An increase in the price of grapes, an input in jelly production

 

An increase in consumers income, assuming jelly is a normal good

 

An increase in the price of marshmallow fluff, a substitute for jelly

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