QUESTION IMAGE
Question
which of the following could cause the supply of carrots to decrease?
a. consumers incomes decrease.
b. there is a technological advance in carrot production.
c. the number of farmers growing carrots increases.
d. fertilizer costs increase.
Brief Explanations
- Option a affects demand (consumer income influences quantity demanded, not supply).
- Option b increases supply: better tech lowers production costs, allowing more output.
- Option c increases supply: more producers mean more total output.
- Option d decreases supply: higher input (fertilizer) costs raise production expenses, reducing how much producers are willing/able to supply at each price.
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d. Fertilizer costs increase.