Question
A rise in the cost of inputs of production will shift the supply curve to the right. State true or false.
Answer: Option B
:
B
A rise in the cost of inputs of production will shift the supply curve to the left as the higher input costs correspond to a lower profit maximising quantity.
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:
B
A rise in the cost of inputs of production will shift the supply curve to the left as the higher input costs correspond to a lower profit maximising quantity.
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