-In the Figure Above,suppose the Price of a Kilogram of Pecans

question 45

Multiple Choice

-In the figure above,suppose the price of a kilogram of pecans is negatively related to the quantity of peanuts that farmers are willing to supply.If the price of pecans increases,

• A)the curve will shift rightward.
• B)there is a movement along the curve.
• C)the curve will shift leftward.
• D)the curve will be unaffected.
• E)None of the above answers is correct because the graph assumes that the price of pecans does not change.

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