You love pecan nuts. You hear on the news that 60 % of the pecan nut crop in the Limpopo Province has been wiped out, which will cause the price to triple by the end of the year. As a result,

Question

Accepted Answer

the quantity pecan nuts demanded by you will decrease by the end of the year.

Answer

your demand for pecan nuts falls as you look for a substitute good.

Answer

your demand for pecan nut butter will decrease by the end of the year.

Answer

you decide to give up pecan nuts completely.

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You love pecan nuts. You hear on the news that 60 % of the pecan nut crop in the...

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