An increase in the cost of producing video tape shifts the supply curve of video tape ________ and shifts the demand curve for video tape ________.

Name: An increase in the cost of producing video tape shifts the supply curve of video tape ________ and shifts the demand curve for video tape ________.
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Question

Quizplus · Accepted Answer

An increase in production costs decreases supply, shifting the supply curve leftward. Demand is not directly affected by production costs, so the demand curve does not shift.

An Increase in the Cost of Producing Video Tape Shifts