Suppose that the cost of an important input a firm uses to produce a certain product increases. As a result, you would e

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answerhappygod
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Suppose that the cost of an important input a firm uses to produce a certain product increases. As a result, you would e

Post by answerhappygod »

Suppose that the cost of an important input a firm uses to
produce a certain product increases. As a result, you would
expect
A) the supply curve for the product to shift left (i.e.,
decrease).
B) there to be a movement upward/rightward along the supply
curve.
C) there to be a movement downward/leftward along the supply
curve.
D) the demand curve for the product to shift left (i.e.,
decrease).
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