Which of the following events would cause a movement upward and to the right along the supply curve for mangos? Group of answer choices
There is an advance in technology that reduces the cost of producing mangos.
The number of sellers of mangos increases.
The price of mangos rises.
The price of fertilizer decreases, and fertilizer is an input in the production of mangos.
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Ответ:
The price of mangos rises
Explanation:
A movement ALONG the Supply Curve means that QUANTITY changes in reaction to the PRICE changing.
When the price of a Good changes it activates the Law of Supply that states that, "keeping other factors constant, an increase in price results in an increase in quantity supplied and Vice Versa."
So when the price changes, the movement along the Supply curve means that more of the product will be supplied which in this case are Mangoes.
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