Part D: An increase in the price of pizza sauce will cause a movement from point B on supply curve S2 to

Question

Part D: An increase in the price of pizza sauce will cause a movement from point B on supply curve S2 to

BlackTom AI · Accepted Answer

The question describes a movement along a supply curve due to a change in the price of pizza sauce. It asks: 'An increase in the price of pizza sauce will cause a movement from point B on supply curve S2 to'.

First, recall the basic law of supply: when the price of a good rises, the quantity supplied tends to rise as well. This results in movement along the current supply curve, not a shift of the entire curve.

Since we are moving along S2 in response to a price increase, the direction should be upward along the curve, representing a higher quantity supplied at the higher price. A movement downward along the same curve would represent a lower quantity supplied as the price rises, which contradicts the law of supply.

Because the provided data does not include any answer options to evaluate, we can still assess the implied outcome: a price increase should move us up along S2 to a higher quantity supplied, not down. Any choice described as moving to a lower point on S2 (i.e., a movement downward) would be inconsistent with the law of supply.

If the question intended a shift of the curve rather than a movement along it, that would imply a different mechanism (e.g., a change in production costs or a non-price factor), but the prompt specifies a movement, so the correct interpretation remains a movement upward along S2.

ECON_002_001_25F Problem Set 1

Part D: An increase in the price of pizza sauce will cause a movement from point B on supply curve S2 to

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ECON_002_001_25F Problem Set 1

Part D: An increase in the price of pizza sauce will cause a movement from point B on supply curve S2 to

View Explanation

Log in for full answers

Similar Questions

An improvement in production technology will shift the

Part B: An increase in supply is represented by the movement from S2 to

What effect would a new tax on producers likely have on the supply curve?

A student says “Supply of ice cream increases with increasing population”. How will you show this change in the market diagram?

A student says “Supply of ice cream decreases with decreasing population”. How will you show this change in the market diagram?

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Select the correct answer about the figure above.

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Figure 4-6Refer to Figure 4-6.The shift from S to S' could be caused by an