Suppose the price of oranges rises. Then we would expect the supply of oranges to: Shift...

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Question

Suppose the price of oranges rises. Then we would expect the supply of oranges to: Shift...

Suppose the price of oranges rises. Then we would expect the supply of oranges to:

		Shift right
		Shift left
		Increase either way
		Stay the same

business economics

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Answer 1

Answer #1

The supply of oranges would stay the same (increase in price would only cause movement along the supply curve.

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Answer 2

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Suppose the price of oranges rises. Then we would expect the supply of oranges to: Shift...