Answered

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A business produces apple juice and orange juice. The price of orange juice has increased from $2.00 to $2.50. This can be modeled by
(1 point)
O a shift of the supply curve for apple juice to the left
O a downward movement along the supply curve for apple juice
O an upward movement along the supply curve for apple juice
O a shift of the supply curve for apple juice to the right

Sagot :

Answer:

O a shift of the supply curve for apple juice to the right

Step-by-step explanation:

The increase in price of orange juice can be modelled as a a shift of the supply curve for apple juice to the left.

According to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied. there is a positive relationship between price and quantity supplied.

As a result of the increase in price of orange juice, there would be an increase in the production and supply of orange juice

Due to the increase in the production and supply of orange juice, there would be less resources to use in the production of apple juice. This would lead to a decrease in the supply of apple juice.

As a result, there would be a leftward shift of the supply curve for apple juice.  

To learn more about supply, please check : https://brainly.com/question/13318864?referrer=searchResults

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