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tresset_1 [31]
2 years ago
8

suppose the price of an important input in the production of books were to increase. what can be concluded about the quantity of

books supplied at a price of $16?
Business
1 answer:
Westkost [7]2 years ago
7 0

The conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the <u>quantity supplied</u><u> is reduced</u>.

<h3>How do production costs affect supply?</h3>

When production costs (input) increase, the quantity supplied at a given price decreases.

Conversely, a decrease in production costs increases the quantity supplied.

Thus, the conclusion that can be drawn about the number of books supplied for $16 when an important production input of books increases is that the <u>quantity supplied</u><u> is reduced</u>.

Learn more about supply and production costs at brainly.com/question/2223110

#SPJ12

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