Figure 3-2 -Refer to Figure 3-2.A decrease in the price of inputs would be represented by a movement from A)A to B. B)B to A. C)S₁ to S₂. D)S₂to S₁.

Name: Figure 3-2 -Refer to Figure 3-2.A decrease in the price of inputs would be represented by a movement from A)A to B. B)B to A. C)S 1 to S 2 . D)S 2 to S 1 .
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Question

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A decrease in the price of inputs would shift the supply curve to the right, from S₁ to S₂, indicating an increase in supply due to lower production costs.

Figure 3-2 -Refer to Figure 3-2.A Decrease in the Price of Inputs