price of grapes rise
supply of grapes fall
quantity of grapes supplied will fall
wtf???
2007-01-21 13:13:01 · 4 answers · asked by Anonymous in Social Science ➔ Economics
A Change in Quantity Supplied: This is a change in the specific amount of the good that sellers are willing and able to sell. It is caused by a change in the supply price and is indicated by a movement along the supply curve from one point to another.
A Change in Supply: This a change in the overall supply relation, a change in all price-quantity pairs. It is caused by a change in one of the five supply determinants and is indicated by a shift of the supply curve.
Based on these definitions I would go with the last on.
2007-01-21 14:22:58 · answer #1 · answered by Steve P 3 · 0⤊ 0⤋
A boycott will decrease the demand so the price of grapes will fall. This will then effect growers causing a decrease in supply.
2007-01-22 15:20:11 · answer #2 · answered by meg 7 · 0⤊ 0⤋
Supply would fall because noones buying them.
2007-01-21 13:21:06 · answer #3 · answered by Billy N 2 · 0⤊ 0⤋
Quantity will fall.
2007-01-21 13:18:27 · answer #4 · answered by nagant39@sbcglobal.net 2 · 0⤊ 0⤋