The supply curve will shift left when:
A)suppliers in the market increase.
B)taxes increase.
C)the costs of technologies decrease.
D)the costs of inputs decrease.

Question

Quizplus · Accepted Answer

An increase in taxes on the goods or services being supplied can increase the cost of production for suppliers. This makes it more expensive for them to produce the same amount of goods or services, leading to a decrease in the quantity supplied at each price point, which is represented by a leftward shift in the supply curve.

The Supply Curve Will Shift Left When