Refer to the information provided in Figure 3.11 below to answer the following question(s) . Figure 3.11
-Refer to Figure 3.11. An increase in the price of tomatoes (an input for gardenburgers) will cause a movement from Point B on supply curve S₂ to

Question

Refer to the information provided in Figure 3.11 below to answer the following question(s) .

Figure 3.11
-Refer to Figure 3.11. An increase in the price of tomatoes (an input for gardenburgers) will cause a movement from Point B on supply curve S₂ to

Quizplus · Accepted Answer

An increase in the price of tomatoes, an input for gardenburgers, would increase the production costs, leading to a decrease in supply. This is represented by a shift to the left of the supply curve, from S₂ to S₁.

Refer to the Information Provided in Figure 3