which of the following would cause a decrease in the supply of lemonade, which is made with the juice of…

which of the following would cause a decrease in the supply of lemonade, which is made with the juice of lemons mixed with sugar and water? (check all that apply) the new expectation that lemonade will be cheaper next month a technological improvement in the lemonade making process a decrease in the price of lemonade an increase in the price of lemon meringue pies (a substitute in production) an increase in the price of lemons a decrease in the price of sugar a trade embargo reducing imports of lemons from mexico a decrease in the price of lime - aid (a substitute in production)

which of the following would cause a decrease in the supply of lemonade, which is made with the juice of lemons mixed with sugar and water? (check all that apply) the new expectation that lemonade will be cheaper next month a technological improvement in the lemonade making process a decrease in the price of lemonade an increase in the price of lemon meringue pies (a substitute in production) an increase in the price of lemons a decrease in the price of sugar a trade embargo reducing imports of lemons from mexico a decrease in the price of lime - aid (a substitute in production)

Answer

Brief Explanations:

  • An increase in the price of lemon meringue pies (a substitute in production): Producers will shift resources to making more lemon meringue pies (higher - priced substitute in production), reducing lemonade supply.
  • An increase in the price of lemons: Lemons are an input. Higher input prices increase production costs. Producers supply less lemonade at each price level.
  • A trade embargo reducing imports of lemons from Mexico: Reduces the availability of lemons (input). Higher costs or unavailability of input leads to lower lemonade supply.

Answer:

An increase in the price of lemon meringue pies (a substitute in production), An increase in the price of lemons, A trade embargo reducing imports of lemons from Mexico.