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 leftward.
B)the curve will shift rightward.
C)the curve will be unaffected.
D)there is a movement along the curve.
E)None of the above answers is correct because the graph assumes that the price of pecans does not change.

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 leftward. 
B)the curve will shift rightward. 
C)the curve will be unaffected. 
D)there is a movement along the curve. 
E)None of the above answers is correct because the graph assumes that the price of pecans does not change.

Quizplus · Accepted Answer

The Answer of 
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 leftward. 
B)the curve will shift rightward. 
C)the curve will be unaffected. 
D)there is a movement along the curve. 
E)None of the above answers is correct because the graph assumes that the price of pecans does not change.

In the Figure Above, Suppose the Price of a Pound