Suppose the demand for strawberries rises sharply, resulting in an increased price for strawberries. As it relates to strawberry pickers, we could expect the
A) MRP curve to shift to the right.
B) MRP curve to shift to the left.
C) MRC curve to shift downward.
D) MP curve to shift downward.

Question

Quizplus · Accepted Answer

When the demand for strawberries increases, the price of strawberries will rise, and this will cause an increase in the marginal revenue product (MRP) of strawberry pickers. This, in turn, will cause the MRP curve to shift to the right.

Suppose the Demand for Strawberries Rises Sharply, Resulting in an Increased