English, asked by braxyknights, 5 months ago

1. An increase in the price of inputs leads to a decrease in supply
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Answered by ravindramishra0807
17

Answer:

The Price of Inputs

Producing a good or service involves taking inputs and applying a process to them to produce an output. ... And therefore at each price producers need to sell their good for more money. So an increase in the price of inputs leads to a decrease in supply.

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