Question

Which is most likely to shift the supply curve for pet grooming services leftward?

Answer 1

An increase in the cost of pet grooming supplies would shift the supply curve for pet grooming services leftward

The amount of a resource that businesses, producers, workers, providers of financial assets, or other economic agents are willing and able to offer to the market or to a specific person is known as supply in economics. Supply can refer to manufactured items, labour hours, raw resources, or any other in-demand or pricey item.

Supply is frequently represented graphically as a supply curve, with amount supplied as a function of price on the horizontal axis and price per unit on the vertical axis. It is sad yet a common practise to reverse the dependent and independent variables from their customary positions.

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