In the North, if the price goes down by $0.20 per pound, then the quantity supplied in the North goes down by 200 pounds per year. If the price of cherries goes down by $0.20 in the South, what will happen to the quantity supplied? There is not enough information given to determine the supply change in the South. The quantity will decrease by 200 pounds per year. The quantity will increase by 200 pounds per year. The quantity will increase by 100 pounds per year.

In the North, if the price goes down by $0.20 per pound, then the quantity supplied in the North goes down by 200 pounds per year. If the price of cherries goes down by $0.20 in the South, what will happen to the quantity supplied? There is not enough information given to determine the supply change in the South. The quantity will decrease by 200 pounds per year. The quantity will increase by 200 pounds per year. The quantity will increase by 100 pounds per year.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 1WNG

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