Which of the following would shift the supply curve for MP3 players to the left?
A)an increase in the price of an input used to produce MP3 players
B)a decrease in consumer tastes for MP3 players
C)an increase in the number of firms that produce MP3 players
D)an increase in the productivity of the workers who produce MP3 players

Question

Quizplus · Accepted Answer

An increase in the price of an input used to produce MP3 players, such as labor or raw materials, would increase the cost of production for firms. As a result, firms would be less willing or able to produce the same quantity of MP3 players at each price level, causing a leftward shift in the supply curve.

Which of the Following Would Shift the Supply Curve for MP3