A business produces apple juice and orange juice. The price of orange juice has increased from $2.00 to $2.50. This can be modeled by _____.(1 point)
Responses
a shift of the supply curve for apple juice to the left
a shift of the supply curve for apple juice to the left
a downward movement along the supply curve for apple juice
a downward movement along the supply curve for apple juice
a shift of the supply curve for apple juice to the right
a shift of the supply curve for apple juice to the right
an upward movement along the supply curve for apple juice
None of the given options accurately model the situation described. The increase in price of orange juice does not directly affect the supply curve for apple juice. The correct answer would be:
No effect on the supply curve of apple juice.
The federal government is considering providing a per-student subsidy to private schools in the country. What is the anticipated effect of the subsidy on the supply of private education?(1 point)
Responses
At any given price, the quantity supplied of private education will increase.
At any given price, the quantity supplied of private education will increase.
The demand for private education will increase.
The demand for private education will increase.
At any given price, the quantity supplied of private education will decrease.
At any given price, the quantity supplied of private education will decrease.
The supply of private education will decrease.
The anticipated effect of providing a per-student subsidy to private schools would be to increase the supply of private education. Therefore, the correct answer is:
At any given price, the quantity supplied of private education will increase.