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Krugman's Economics for AP® (High School) | 2nd Edition | ISBN: 9781464122187 | Authors: Margaret Ray
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After each of the following events, will the supply curve for the good that is mentioned

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QUESTION:

After each of the following events, will the supply curve for the good that is mentioned shift to the left, shift to the right, or remain unchanged? a. The coffee berry borer beetle destroys large quantities of coffee berries. b. Consumers demand more bike helmets than ever. c. The number of tea producers increases. d. The price of leather, an input in wallet production, increases.

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QUESTION:

After each of the following events, will the supply curve for the good that is mentioned shift to the left, shift to the right, or remain unchanged? a. The coffee berry borer beetle destroys large quantities of coffee berries. b. Consumers demand more bike helmets than ever. c. The number of tea producers increases. d. The price of leather, an input in wallet production, increases.

ANSWER:

Step 1 of 2

Option (a) and (d) represents the leftward shift of the supply curve. Option (b) represents no change in the supply curve. While option (c) indicates the rightward shift in the supply curve.

 

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