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 a leftward shift of the supply curve, indicating a decrease in the quantity supplied at each price level. The new supply curve will be S₁, as shown in the diagram. Therefore, the correct answer is B.

Refer to the Information Provided in Figure 3