A sudden rise in input prices which drives up the marginal cost of producing automobiles will shift the supply curve of automobiles upward.

Name: A sudden rise in input prices which drives up the marginal cost of producing automobiles will shift the supply curve of automobiles upward.
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Question

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An increase in input prices will increase the cost of production, causing a decrease in supply due to a higher marginal cost. This will shift the supply curve upward.

A Sudden Rise in Input Prices Which Drives Up the Marginal