Answer:
The correct answer is option C) "equilibrium price of peanut butter definitely falls".
Explanation:
The equilibrium price of a product is the market price established at a point where the quantity of products is equal to the quantity demanded by the consumers. In this case, the market of peanut butter is facing the decrease in the price of two substitutes of peanut butter: deli turkey slices and peanut brittle. As a result, the equilibrium price of peanut butter definitely falls since the quantity demanded by the consumers will certainly fall.
