An increase in the price of oranges would lead to:

Name: An increase in the price of oranges would lead to:
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Question

Quizplus · Accepted Answer

An increase in the price of oranges would lead to a movement up the supply curve for oranges, as producers would be willing to supply more at higher prices. It would not lead to an increase in supply, as that would require a shift of the entire supply curve. It would also not lead to an increased demand for oranges or a reduction in input prices.

An Increase in the Price of Oranges Would Lead To