Ask Question
2 March, 16:53

Consider the supply of avocados. explain why a change in the price of fertilizer causes a shift in the supply curve for avocados rather than a movement along the supply curve for avocados. a change in the price of fertilizer causes a shift in the supply curve for avocados because

a. the price of avocados is held constant along a supply curve.

b. the price of fertilizer also shifts avocado demand.

c. the price of fertilizer changes for a given supply of avocados.

d. a change in the cost of inputs changes how much a producer will supply at any given price.

e. factors representing the cost of production do not affect avocado prices.

+3
Answers (1)
  1. 2 March, 19:36
    0
    I believe the answer is: D. a change in the cost of inputs changes how much a producer will supply at a given price

    Fertilizer is considered to be an input for the avocado since it is an integral part for the avocado producers to transform raw material (Avocado seeds) into a finished product (full grown avocado), Which mean when the cost of fertilizer is increased, the amount of capital needed before their avocado is ready to sell would also increased.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Consider the supply of avocados. explain why a change in the price of fertilizer causes a shift in the supply curve for avocados rather ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers