Figure 4-5
-Refer to the Figure 4-5. Which of the four graphs represents the market for strawberries after new technology is introduced that helps speed up the harvesting time?

Question

Figure 4-5 
-Refer to the Figure 4-5. Which of the four graphs represents the market for strawberries after new technology is introduced that helps speed up the harvesting time?

Quizplus · Accepted Answer

Graph C represents the market for strawberries after new technology is introduced that helps speed up the harvesting time. This is because the new technology would increase the efficiency of strawberry production, leading to an increase in supply. In the graph, this is shown as a rightward shift of the supply curve, indicating that more strawberries can be supplied at each price level.

Figure 4-5 -Refer to the Figure 4-5. Which of the Four Graphs