to $2.50
. This can be modeled by _____.(1 point)
Responses
an upward movement along the supply curve for apple juice
an upward movement along the supply curve for apple juice
a shift of the supply curve for apple juice to the right
a shift of the supply curve for apple juice to the right
a shift of the supply curve for apple juice to the left
a shift of the supply curve for apple juice to the left
a downward movement along the supply curve for apple juice
a downward movement along the supply curve for apple juice
1 answer
The increasing price of orange juice can lead to a shift in the supply curve for apple juice. Since apple juice and orange juice are substitutes, an increase in the price of orange juice may incentivize producers to allocate more resources towards apple juice production.
Therefore, the correct response would be:
a shift of the supply curve for apple juice to the right.
