When your suppliers increase the prices of your inputs, they increase your _, and this will shift your supply curve to _

Question

Advocard [28]

3 years ago

8

When your suppliers increase the prices of your inputs, they increase your _, and this will shift your supply curve to _

.

Business

1 answer:

Ahat [919] · Answer 1 · 2022-10-30T20:10:36+03:00

The first blank should be filled with production cost, while the second blank should be filled with, downwards.

<h3>Supply Curve Dynamics</h3>

By convention, price is a function of demand and supply.

However, in case scenarios, when suppliers of inputs increase input prices, the manufacturer's production cost is increased and this in turn shifts the supply curve downwards.

When your suppliers increase the prices of your inputs, they increase your _____, and this will shift your supply curve to _____

When your suppliers increase the prices of your inputs, they increase your _, and this will shift your supply curve to _