You cannot make grape jelly without grapes. If the price of grapes inc

QUESTION

You cannot make grape jelly without grapes. If the price of grapes increases, what happens to the supply curve for grape jelly?

a. It will stay the same.
b. It will shift to the right.
c. It will shift to the left.
d. It will shift to the right in the short term and to the left in the long term.

ANSWER

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