Which of the following is true?
A) If input prices fall, this will lower the costs of production, causing the supply curve to shift to the right.
B) The expectation of higher prices in the future will increase current supply.
C) A decrease in the number of suppliers will shift a supply curve upward.
D) An increase in the price of a good does increases the supply of that good.
E) None of the above is true.
Correct Answer:
Verified
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