The following graph shows the market for peanut butter in Detroit where there are over...
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The following graph shows the market for peanut butter in Detroit where there are over a thousand stores that sell peanut butter at any given moment Suppose the price of hazelnut spread decreases Assume that people regard peanut butter and hazelnut spread as substitutes Show the effect of this change on the market for peanut butter by shifting one or both of the curves on the following graph holding all else constara PRICE Dollars per jar Supply Demand Demand Supply
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