Which of the following will cause a shift to the left of the supply curve?

Question

Quizplus · Accepted Answer

Increase in taxes per unit of output will increase the cost of producing a good, leading to a decrease in supply and a leftward shift in the supply curve. Increase in market price (A) will increase the incentive for suppliers to produce, leading to an increase in supply, and rightward shift in the supply curve. Advances in technology (C) and decreases in input prices (D) will decrease the cost of production and increase the profitability, leading to an increase in supply and a rightward shift in the supply curve.

Which of the Following Will Cause a Shift to the Left