An increase in the cost of producing video tape shifts the supply curve of video tape and
Shifts the demand curve for video tape .

Name: An increase in the cost of producing video tape shifts the supply curve of video tape and Shifts the demand curve for video tape .
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Question

Quizplus · Accepted Answer

An increase in production costs decreases supply, shifting the supply curve leftward. Demand is not directly affected by production costs, so the demand curve does not shift.

An Increase in the Cost of Producing Video Tape Shifts