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)

Question

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)

• 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 left
• an upward movement along the supply curve for apple juice

Answer 1

None of the options provided accurately model the increase in price for orange juice. The increase in price is likely due to factors such as changes in demand, supply, production costs, or market conditions, and would not directly impact the supply curve for apple juice.