Refer to the information provided in Figure 3.14 below to answer the following questions. Figure 3.14
-Refer to Figure 3.14. An increase in the price of pizza sauce will cause a movement from Point B on supply curve S2 to

Question

Refer to the information provided in Figure 3.14 below to answer the following questions.  Figure 3.14
-Refer to Figure 3.14. An increase in the price of pizza sauce will cause a movement from Point B on supply curve S2 to

Quizplus · Accepted Answer

An increase in the price of pizza sauce will cause an increase in the cost of producing pizza, which in turn will result in a decrease in supply. This means that the supply curve will shift to the left, from S2 to S1. Therefore, the correct answer is B.

Refer to the Information Provided in Figure 3