-Figure 4.4 illustrates the supply of tacos. An increase in the price of ground beef, which is used to make tacos, would most likely cause a movement from

Question

Quizplus · Accepted Answer

An increase in the price of ground beef, an input in taco production, would increase production costs, leading to a decrease in the supply of tacos. This is represented by a shift of the supply curve to the left (from S1 to S0), not just a movement along the same supply curve.

-Figure 44 Illustrates the Supply of Tacos