Which of the following will cause a leftward shift of the supply curve for houses?

Question

Quizplus · Accepted Answer

An increase in the cost of construction materials will cause a leftward shift of the supply curve for houses because it raises the minimum price at which producers are willing to sell each quantity of houses. This makes it more expensive for producers to supply houses at each price level, resulting in a decrease in the quantity supplied at every price level.

Which of the Following Will Cause a Leftward Shift of the Supply