If producers must obtain higher prices than previously to produce various levels of output, there has occurred:

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If producers must obtain higher prices to produce the same level of output, it means their costs of production have increased, which typically happens due to a decrease in supply. This could result from factors such as higher input costs, reduced productivity, or natural disasters affecting the supply chain. As a result, suppliers may be forced to raise prices to maintain profitability, which would reduce the quantity demanded by customers.

If Producers Must Obtain Higher Prices Than Previously to Produce