If the price of an input rises, producers are willing to produce..... More output at each...
If the price of an input rises, producers are willing to produce.....
| More output at each given price and supply shifts to the left |
| More output at each given price and supply shifts to the right |
| The same output at each given price and the supply does not shift |
| Less output at each given price and supply shifts to the left |
Homework Answers
When price of input rises the producers will be less inclined to produce the good or a service at a given price. So when producers are less inclined to produce the good there will be a shift in supply curve to left . Due to that shift there will be a change in quantity of good being produced and supplied at a given price level. SO the output will be less at a given price level.
Answer: Less output at each given price and supply shift to left
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