A decrease in the price of oranges would lead to a(n)

Question

a.

a movement down and to the left along the supply curve for oranges.

b.

increased supply of oranges.
c.

increase in the prices of inputs used in orange production.
d.

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

Answer 1

A decrease in the price of oranges would lead to a

a. a movement down and to the left along the supply curve for oranges.

This is because a decrease in price typically results in a decrease in the quantity supplied, which corresponds to a movement along the supply curve. A decrease in price would not cause an increase in supply (option b), nor would it directly relate to changes in input prices (option c) or a movement up and to the right along the supply curve (option d).