When the price of oranges increases,
A) the supply of oranges increases.
B) the quantity of oranges demanded increases.
C) the quantity of oranges supplied increases.
D) the supply of oranges decreases.
E) none of the above

Question

Quizplus · Accepted Answer

An increase in the price of oranges does not change the supply curve itself (which is a relationship between price and quantity supplied at those prices), but it does lead to a movement along the supply curve, resulting in an increase in the quantity of oranges supplied. This is because suppliers are more willing to sell more at higher prices.

When the Price of Oranges Increases