Lead to increase in the equilibrium price

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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?

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

b) an increase in the price of Marshmallow Fluff, a substitute for jelly

c) an increase in the price of grapes, an input to jelly

d) an increase in consumers’ incomes, as long as jelly is a normal good

Reference no: EM13889140

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