Last year, the price of tomatoes increased by approximately 85%. Because of this increase, we would expect the curve in the market for tomato sauce to . Select one: a. supply; shift to the left b. demand; shift to the right c. supply; shift to the right d. demand; shift to the left

Question

05-07-2022
Business

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Last year, the price of tomatoes increased by approximately 85%. Because of this increase, we would expect the curve in the market for tomato sauce to . Select one: a. supply; shift to the left b. demand; shift to the right c. supply; shift to the right d. demand; shift to the left

Sagot :

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tripatsingh039 tripatsingh039 · Answer 1 · 2022-07-17T11:29:18-04:00

We would except the supply curve in the market for tomato sauce to shift to left . correct answer is (c).

Supply curve

supply curve, in economics, graphic representation of the relationship between product price and quantity of product that a seller is willing and able to supply. Product price is measured on the vertical axis of the graph and quantity of product supplied on the horizontal axis.

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Last year, the price of tomatoes increased by approximately 85%. Because of this increase, we would expect the ________ curve in the market for tomato sauce to ________. Select one: a. supply; shift to the left b. demand; shift to the right c. supply; shift to the right d. demand; shift to the left

Sagot :

Supply curve

Other Questions

Last year, the price of tomatoes increased by approximately 85%. Because of this increase, we would expect the curve in the market for tomato sauce to . Select one: a. supply; shift to the left b. demand; shift to the right c. supply; shift to the right d. demand; shift to the left