If there were a rise in the price of sugar (an input used in the production of candy bars), the supply curve for candy bars would shift to the the equilibrium quantity would and the equilibrium price would Right: fall, rise Right, rise: fall Left: fall: rise Left: fail, fall Page 16 of 30

If there were a rise in the price of sugar (an input used in the production of candy bars), the supply curve for candy bars would shift to the the equilibrium quantity would and the equilibrium price would Right: fall, rise Right, rise: fall Left: fall: rise Left: fail, fall Page 16 of 30

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If there were a rise in the price of sugar (an input used in the production of candy
bars), the supply curve for candy bars would shift to the the equilibrium
quantity would
and the equilibrium price would
Right: fall, rise
Right, rise, fall
Left: fall: rise
Left: fall, fall
Next Page
Page 16 of 30

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