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IrinaK [193]
3 years ago
14

Why do rising input costs shift the supply curve to the left ?

Social Studies
1 answer:
Nuetrik [128]3 years ago
3 0

Answer:

Explanation:

Left in this case means less. If what you need costs more, people are going to be forced to buy less.

If the demand decreases, manufactures will be forced to produce less. The supply curve will shift left.

If the cost of production increases, companies will not be willing to produce as many widgits as they did before. The curve shifts left.

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It was only until 1959 that it became the motto of the then called Veterans Administration.

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ethical dilemma

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