In the North, if the price goes up by $0.20 per pound, then the quantity supplied in the North goes up by 100 pounds per year. If the price of cherries goes up by $0.20 in the South, what will happen to the quantity supplied?

Question

There is not enough information given to determine the supply change in the South.
The quantity will increase by 50 pounds per year.
The quantity will increase by 100 pounds per year.
The quantity will decrease by 100 pounds per year.

Answer 1

The information provided specifies the relationship between price changes and quantity supplied in the North, but it does not provide a direct relationship for the South. Thus, without further information on how the South responds to price changes, we cannot accurately predict the quantity supplied in the South when the price of cherries goes up by $0.20.

Therefore, the correct answer is: There is not enough information given to determine the supply change in the South.