Chapter 5.

5.1 Screen 1 of 4

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You must read each slide, and complete any questions on the slide, in sequence.

Rising peanut prices have forced peanut butter makers to raise the price of a jar of peanut butter from $2 to $3 per jar, causing quantity demanded to fall. In addition, sales of jelly also dropped by 15%.

Question

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5.2 Screen 2 of 4

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5.3 Screen 3 of 4

Soon after the peanut butter price increase, makers of chocolate spread dropped the price from $4 to $3 per jar. This resulted in a further decline in peanut butter sales by 20%.

Question

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5.4 Screen 4 of 4

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