an increase in the price of blueberries would lead to a(n) a. increased supply of blueberries. b. a movement up and to the right along the supply curve for blueberries. c. a movement down and to the left along the supply curve for blueberries. d. both a and b are correc

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14-10-2022
Business

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an increase in the price of blueberries would lead to a(n) a. increased supply of blueberries. b. a movement up and to the right along the supply curve for blueberries. c. a movement down and to the left along the supply curve for blueberries. d. both a and b are correc

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febyyyvaalentina febyyyvaalentina · Answer 1 · 2022-10-19T12:24:36+02:00

A movement up and to the right along the supply curve for blueberries impact on the increase in blueberry prices.

The supply curve can be described as a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. In the supply curve, the quantity supplied will appear on the horizontal axis while the price will appear on the left vertical axis. In economics, supply can be described as the amount of a resource that firms, producers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual.

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