Answer to Question #296546 in Microeconomics for jay

Question

Consider the market for bread. Flour is an ingredient for making bread. If the price of flour increases, we could predict that

Group of answer choices

The supply of bread shifts to the right.

The supply of bread shifts to the left.

The equilibrium price of bread decreases.

The equilibrium quantity of bread increases.

The quantity supplied of bread increases.

Answer 1

The supply of bread shifts to the left.