Holding other factors constant, if bad weather destroys the annual crop for carrots, it causes the supply curve for carrots to a. ​Shift to the left, causing the prices of carrots to rise b. ​The supply curve does not shift. Only the demand curve shifts. c. ​Shift to the left, causing the prices of carrots to fall d. ​Stay the sam

Respuesta :

Answer: a. ​Shift to the left, causing the prices of carrots to rise

Explanation:

The bad weather destroyed the annual crop of carrots. This will reduce the supply for Carrots. A reduction in supply forces the Supply Curve to shift to the left and assuming the demand curve remains the same, the new supply curve will intersect the demand curve a higher equilibrium price.

This is done to obey the Rules of Supply that when a good is scarce, it is more expensive.

Notice how the supply curve shifted left in the diagram and prices rose.

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