-In the figure above,suppose the price of a kilogram 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)there is a movement along the curve.
C)the curve will shift leftward.
D)the curve will be unaffected.
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 kilogram 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)there is a movement along the curve. 
C)the curve will shift leftward. 
D)the curve will be unaffected. 
E)None of the above answers is correct because the graph assumes that the price of pecans does not change.

Quizplus · Accepted Answer

When the price of pecans increases, farmers are less willing to supply peanuts, causing the supply curve for peanuts to shift leftward.

-In the Figure Above,suppose the Price of a Kilogram of Pecans