-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 rightward.
B) the curve will shift leftward.
C) there is a movement along the curve.
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 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 rightward. 
B) the curve will shift leftward. 
C) there is a movement along the curve. 
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

The curve will shift leftward because the quantity of peanuts that farmers are willing to supply is negatively related to the price of pecans. If the price of pecans increases, farmers will be willing to supply less peanuts.

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