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21 December, 02:02

An increase in the price of oranges would lead to

an increased supply of oranges.

a reduction in the prices of inputs used in orange production.

an increased demand for oranges.

a movement up and to the right along the supply curve for oranges.

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Answers (1)
  1. 21 December, 02:53
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    a movement up and to the right along the supply curve for oranges.

    Explanation:

    The supply curve exhibits the price and quantity.

    Quantity on the x axis that reflects the quantity supplied.

    Price on the y axis that reflects the price at which the particular commodity is offered.

    Accordingly, when there is increase in prices of orange the y axis will move upward, also as there is increase in price the suppliers would supply more at the price, accordingly x axis will also grow.

    Accordingly the supply graph will move upward in the right direction.
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Home » Business » An increase in the price of oranges would lead to an increased supply of oranges. a reduction in the prices of inputs used in orange production. an increased demand for oranges. a movement up and to the right along the supply curve for oranges.
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