A change in the price of important inputs will change the quantity supplied but will not shift the supply curve.

Question

Quizplus · Accepted Answer

A change in the price of important inputs affects the cost of production, which in turn can shift the supply curve. If the cost of inputs increases, the supply curve shifts leftward (indicating a decrease in supply at each price level), and if the cost decreases, the supply curve shifts rightward (indicating an increase in supply at each price level).

A Change in the Price of Important Inputs Will Change