Question

2 theres a new craze for eating raw potatoes after a tik tok influencer talks about how it gave him incredible memorization skills. many farmers start growing potatoes instead of turnips. what happens to the supply of potatoes?
a. potato supply curve will shift left / right (highlight the correct answer)
b. the equilibrium point will move up / down (highlight the correct answer)

Explanation:

a. When more farmers switch to growing potatoes, the quantity of potatoes supplied increases at every price level, which shifts the supply curve right.
b. A rightward shift in the supply curve, with demand unchanged, leads to a new equilibrium point that moves down along the demand curve (lower equilibrium price, higher equilibrium quantity).

Answer:

a. Potato supply curve will shift right
b. The equilibrium point will move down