An decrease in the price of oranges would lead to a(n)
A)increased supply of oranges.
B)increase in the prices of inputs used in orange production.
C)a movement down and to the left along the supply curve for oranges.
D)a movement up and to the right along the supply curve for oranges.

Question

Quizplus · Accepted Answer

A decrease in the price of oranges would lead to a movement down and to the left along the supply curve, indicating a decrease in the quantity supplied, not a change in supply itself.

An Decrease in the Price of Oranges Would Lead to A(n)