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

question 237

Multiple Choice

-In the figure above,suppose the price of a pound 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) the curve will shift leftward.
• C) there is a movement along the curve.
• 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.