The following two graphs depict the equilibrium price of a pound of grapes in California and West Virginia, respectively. Assume the type and quality of the grapes being sold in the two states are identical. Further, assume grape sellers incur zero costs to transport grapes between the two states and there are no other barriers to trade. Use these graphs to answer the next questions.
- According to the law of one price, the supply curve in the California grape market will shift to the ________, and the supply curve in the West Virginia grape market will ________.
Definitions:
Testosterone
A steroid hormone primarily found in males, responsible for the development of male secondary sexual characteristics and various other physiological functions.
Females
Refers to the sex of an organism, or part of an organism, that produces non-mobile ova (egg cells) and can typically bear offspring or produce seed.
Maternal Due Date
The estimated date when a pregnant woman is expected to give birth, typically calculated based on the date of her last menstrual period.
Fetuses
The developmental stage of human beings in the womb from the end of the eighth week after conception until birth.
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