Price of S3 S1 S2 coconuts A B. E Quantity of coconuts (Figure: Supply of Coconuts) Look at the figure Supply of Coconuts. If the prices of inputs (e.g. labor, fertilizer, and fuel) used to produce and transport coconuts increased, it would be represented in the figure as a movement from: O Move from C to A (Shift from S2 to S1). O Move from E to B (Shift from S3 to S1). O Move from B to A O Move from A to B.
Price of S3 S1 S2 coconuts A B. E Quantity of coconuts (Figure: Supply of Coconuts) Look at the figure Supply of Coconuts. If the prices of inputs (e.g. labor, fertilizer, and fuel) used to produce and transport coconuts increased, it would be represented in the figure as a movement from: O Move from C to A (Shift from S2 to S1). O Move from E to B (Shift from S3 to S1). O Move from B to A O Move from A to B.
Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 20SQ
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Question
Transcribed Image Text:S2
Price
of
S3
S1
coconuts
A
E
Quantity of coconuts
(Figure: Supply of Coconuts) Look at the figure Supply of Coconuts. If the prices of inputs (e.g.
labor, fertilizer, and fuel) used to produce and transport coconuts increased, it would be
represented in the figure as a movement from:
O Move from C to A (Shift from S2 to S1).
O Move from E to B (Shift from S3 to S1).
O Move from B to A
O Move from A to B.
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