An increase in the price of blueberries would lead to a(n)
a.increased supply of blueberries.
b.a movement up and to the right along the supply curve for blueberries.
c.a movement down and to the left along the supply curve for blueberries.
d.Both a and b are correct
Provide an explanation
The answer is option d- Both a and b are correct
An increase in the price of blueberries would lead to an increased supply of blueberries.and a movement up and to the right along the supply curve for blueberries.
Changes in cost of production and related factors that result in a complete supply curve shifting right or left.
An increase in the price of blueberries would lead to a(n) a.increased supply of blueberries. b.a...
Everything else remaining unchanged, an increase in the supply of a good will lead to: a fall in price and an increase in consumption of the good. (this is the correct answer) an increase in the cost of production of the good. an increase in the price of the good. a leftward shift of the supply curve. an upward movement along the supply curve (this one is wrong) I found the answer!
Suppose the Indian Ocean tsunami destroyed coffee production in Indonesia. On international coffee markets, this would cause a a movement up and to the right along the supply curve for coffee. b a movement down and to the left along the supply curve for coffee. c a leftward shift of the coffee demand curve. d a leftward shift of the coffee supply curve. e a rightward shift of the coffee supply curve. If firms expect lower prices in the future,...
Need help please, 1. Interpret the following statement: "An increase in the price of wheat will encourage farmers to increase the quantity of wheat supplied to the market." A The statement would be correct if "quantity of wheat demanded" were substituted for "quantity of wheat supplied." B The statement is incorrect because it confuses a change in quantity supplied with a change in supply. C The statement would be correct if it read that a "decrease in the price of...
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1. Which of the following represents the law of supply? An increase in the price of a good causes a rightward shift of the supply curve for that good. An increase in the price of a good causes an increase in the supply of that good. An increase in the price of a good causes an increase in the quantity supplied of that good. all of the above 2. The quantity supplied of a particular good is the amount of...
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19. An increase in the quantity demanded of a good is most often due to: a. a decrease in the price of a substitute good. b. higher prices. c. an increase in wages paid to workers. d. lower prices. 20.- An increase in the supply of the product implies: a. producers will now charge a lower price for a given quantity of output. b. the price of this product has increased. c. the supply curve will shift to the left....
10. An increase in supply is the same as: A. a movement up along a supply curve B. a change in the good's price C. a shift rightward in the supply curve. D. a shift leftward in the supply curve. E. Both A and D. 11. Which of the following statements is (are) correct? (x) The unique point at which the supply and demand curves intersect is called equilibrium and the equilibrium price is the only price where quantity supplied...