An increase in the cost of flour will shift the supply curve for bread to the _________ and ________the equilibrium quantity of bread.

Name: An increase in the cost of flour will shift the supply curve for bread to the _________ and ________the equilibrium quantity of bread.
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Question

Quizplus · Accepted Answer

An increase in the cost of flour, an input in bread production, will lead to a decrease in supply and shift the supply curve to the left. This will result in a decrease in equilibrium quantity.

An Increase in the Cost of Flour Will Shift the Supply