Select the correct answer about the figure above.

Question

BlackTom AI · Accepted Answer

The question asks you to interpret the diagram and identify what kind of change is represented.
Option 1: The demand for bananas has shifted. This is unlikely because the diagram shows two supply curves (S1 and S2) moving relative to each other, not a shift in the demand curve D. If demand had shifted, you would see the demand curve itself (D) move, not just the supply curve.
Option 2: The supply curve has shifted to the left because of bad weather. This matches the figure, which shows S1 and S2 as two distinct supply curves with S2 positioned to the left of S1. A leftward shift in the supply curve indicates a decrease in supply, which can be caused by adverse conditions like bad weather reducing production.
Option 3: The price of bananas has fallen. The graph shows changes in supply curves, not a direct movement along a single supply curve due to price. A fall in price would be represented by a movement along a single curve, not by a shift from S1 to S2.
Option 4: The supply curve has shifted to the left because of new technologies. New technologies typically increase supply, shifting the supply curve to the right (outward), not to the left. Therefore this option describes the opposite effect.
In summary, the diagram illustrates a leftward shift in the supply curve (S1 to S2) consistent with a negative supply shock such as bad weather, which aligns with option 2.

AGRI90012_2025_SM1 Practice EXAM - this practice Exam will NOT be marked

Select the correct answer about the figure above.

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AGRI90012_2025_SM1 Practice EXAM - this practice Exam will NOT be marked

Select the correct answer about the figure above.

查看解析

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类似问题

An improvement in production technology will shift the

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

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

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希望你的学习变得更简单

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