-
A.
demand curve will shift to the left while supply curve will shift to the right
-
B.
supply curve will shift to the left
-
C.
supply curve will shift to the right
-
D.
demand curve will shift to the right while supply curve remains unchanged
Correct Answer: Option B
Explanation
if the cost of resources used to produce a good increases, sellers will be less inclined to supply the same quantity at a given price, and the supply curve will shift to the left.
Report an Error
Ask A Question
Download App
Quick Questions
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}