how would each of the following phenomena affect the long-run supply curve of ap
ID: 2505983 • Letter: H
Question
how would each of the following phenomena affect the long-run supply curve of apples?
A. Workers in the apple industry form a union.
B. Consumers find out that apples cause cancer.
C. Hard-to-Control bugs that eat apples invade from Mexico
D. The government passes a law requiring apple trees to be planted at least 60 feet apart.
E. The government sets a maximum legal price (price ceiling) at which apples can be sold.
F. Immigaration laws change to permit more itinerant apple pickers
G. The government passes a minimum wage law for apple pickers.
Explanation / Answer
A) supply would shift to the left because the cost of production would rise.
B)supply would shift to the left because people would want to grow fruit that does not cause cancer.
C)The supply of apples would shift to the left because the number of sellable apples will go down.
D)The supply of apples would shift to the left because the law would result in less trees producing apples, resulting in the apple supply to go down.
E)The supply of apples would shift to the left because farmers would want to grow a crop that doesnot have a price ceiling.
F)the supply of apples would shift to the right becuase the workers that are traveling would be paid less as there is more competetion for the job of the apple picker. Since the company would have more money, they would be able to supply more apples.
G)The supply of apples would shift to the left because the company would have to spend more money in order to keep the supply of apples the same, which causes the equilibrium quantity and price to go down.
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