Question

How does an increase in price of an input affect the supply curve of a firm?
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Answer 1

Answer:

Price of inputs: If the price of inputs increases the supply curve will shift left as sellers are less willing or able to sell goods at any given price. ... These regulations can affect a good's supply.

Answer 2

Price of inputs: If the price of inputs increases the supply curve will shift left as sellers are less willing or able to sell goods at any given price. ... These regulations can affect a good's supply.

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