a business produces apple juice and orange juice. when the price of orange juice has increased from $2.00 to…

a business produces apple juice and orange juice. when the price of orange juice has increased from $2.00 to $2.50, how is the supply of apple juice modeled? (1 point)\n\n a shift of the supply curve for apple juice to the left\n\n an upward movement along the supply curve for apple juice\n\n a shift of the supply curve for apple juice to the right\n\n a downward movement along the supply curve for apple juice

a business produces apple juice and orange juice. when the price of orange juice has increased from $2.00 to $2.50, how is the supply of apple juice modeled? (1 point)\n\n a shift of the supply curve for apple juice to the left\n\n an upward movement along the supply curve for apple juice\n\n a shift of the supply curve for apple juice to the right\n\n a downward movement along the supply curve for apple juice

Answer

Brief Explanations:

When the price of orange - juice increases, producers will want to produce more orange - juice as it is more profitable. Resources will be diverted from apple - juice production to orange - juice production. This causes a decrease in the supply of apple - juice, which is represented by a left - shift of the supply curve for apple - juice. Movements along the supply curve are due to changes in the price of the good itself, not the price of a related good.

Answer:

a shift of the supply curve for apple juice to the left