Question

What is the effect of change in price of inputs
of the supply of a commodity?​

Answer 1

Answer:

A change in the price of a good or service, holding all else constant, will result in a movement along the supply curve. A change in the cost of an input will impact the cost of producing a good and will result in a shift in supply; supply will shift outward if costs decrease and will shift inward if they increase.

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