Question

Explain how changes in prices of inputs influence the supply of a product

Answer 1

Heya...

Change in price have the negative relationship with the quantity supplied....

"" If the input price rises...

Then the cost of production will also increase it creates some cut in production and less supply of the product...

"" If the input price decrease...

Then the cost of production decrease it raises the profit and more production , then the supply increase...

-- Be Brainly...

Answer 2

The supply of a product and cost of production are inversely related to each other. For example, a seller wouldsupply less quantity of a product in the market, when the cost of production exceeds the market price of theproduct. In such a case the seller would wait for the rise in price in future.