Assume That Oranges and Peaches Can Both Be Grown on the Same

question 124

Multiple Choice

Assume that oranges and peaches can both be grown on the same type of land, a decrease in the price of peaches, other things being equal, will cause a(n) :

• A) upward movement along the supply curve for oranges.
• B) downward movement along the supply curve for oranges.
• C) rightward shift of the supply curve for oranges.
• D) leftward shift of the supply curve for oranges.

---

Definitions:

Federal Reserve

The leading bank system in the US tasked with managing and regulating America's financial and currency systems.

Deficit Spending

The practice of a government spending more money than it receives in revenue over a specific period, often leading to borrowing.

Stock Markets

Marketplaces where stocks (shares) of publicly held companies are bought and sold, influencing the economy and individual wealth.

Economic Generation

The cohort of individuals born and living at about the same time, regarded collectively as participants in the market economy.