-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 be unaffected.
C) the curve will shift leftward.
D) there is a movement along the curve.

Question

-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 be unaffected. 
C) the curve will shift leftward. 
D) there is a movement along the curve.

Quizplus · Accepted Answer

If the price of pecans increases and it is negatively related to the quantity of peanuts supplied, farmers will supply fewer peanuts, causing the supply curve for peanuts to shift leftward.

-In the Figure Above, Suppose the Price of a Pound