Supply of tomatoe juice decreased

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Suppose that Campbell's, a major food manufacturer in the United States, can produce either canned soup or canned tomato juice. As a result of an increase in the cost of tomatoes, Campbell's decides to produce more soup and less tomato juice. You correctly explain this by saying

a. the supply of tomatoe juice decreased and the supply of soup increased

b. there has been a decrease in the quantity supplied of tomatoe juice and an increase in the quantity supplied of soup

c. there has been a decrease in the quantity supplied of tomatoe juice and an increase in the supply of soup

d. the supply of tomatoe juice decreased and the quantity supplied of soup increased

Reference no: EM131073985

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