If the price of ricotta cheese,an ingredient in lasagna,increases,then
A)The market supply curve for lasagna will shift to the right.
B)The market supply curve for lasagna will shift to the left.
C)There will be a movement up along the market supply curve for lasagna.
D)There will be a movement down along the market supply curve for lasagna.

Question

Quizplus · Accepted Answer

An increase in the price of ricotta cheese, an ingredient in lasagna, will increase the cost of production for lasagna. As a result, the supply curve for lasagna will shift to the left, representing a decrease in the quantity supplied at every price level.

If the Price of Ricotta Cheese,an Ingredient in Lasagna,increases,then