Answer to Question #320539 in Macroeconomics for olive

Question #320539

A change in the price of apples will not cause the supply curve in respect of apples to shift.


1
Expert's answer
2022-03-29T16:47:01-0400

This is not true because price and supply are directly proportional to each other. Where the price of apples increases, suppliers will supply more of the apples in order to fetch more capital thus making profit and vice verse.


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