The supply curve for a good will shift to the left if:
A) the price of a substitute good falls.
B) a new technology improves the ?rm's productivity.
C) new ?rms enter the market.
D) the cost of inputs increases.

Question

Quizplus · Accepted Answer

An increase in the cost of inputs makes production more expensive, leading to a decrease in supply, which is represented by a leftward shift of the supply curve.

The Supply Curve for a Good Will Shift to the Left