suppose there is an increase in input prices. we would expect supply to decrease to increase...

Question

Question

suppose there is an increase in input prices. we would expect supply
to decrease
to increase
could increase or decrease
to remain unchanged

Answer 1

Answer #1

To decrease

Increase in price of input leads to increase in cost of production which discourages producers to produce. This results in decrease in supply.

Answer 2

Answer #2

To decrease

answered by: Sona

Answer 3

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