An increase in input prices would shift the supply curve for a product to the:

Name: An increase in input prices would shift the supply curve for a product to the:
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Question

Quizplus · Accepted Answer

An increase in input prices makes production more expensive, leading to a decrease in the quantity supplied at each price level. This is represented by a leftward shift in the supply curve. The resulting higher equilibrium price causes an upward movement along the demand curve as consumers respond to the higher price.

An Increase in Input Prices Would Shift the Supply Curve