Use the figure below to answer the following question 5 0 2

Use the figure below to answer the following question. $5 0 2 4 6 8 10 12 14 16 18 20 Quantity Supplied (thousands of bushels per week) The diagram shows three supply curves for apples. wh ich of the folling would cause the supply of apples to shit from S; to s3?

Solution

Option 4. a decrease in the number of apple farmers.

Explanation: Shift from S1 to S3 is a leftward shift in the supply curve. It shows a decrease in supply. Decrease in supply takes place when there is a fall in quantity supplied at each price level. Supply would decrease when there is a a decrease in the number of apple farmers.