An increase in the cost of an input will cause the supply curve to shift _______ and result in an equilibrium price that is _______. a. right, higher b. left, higher c. left, lower d. right, lower

An increase in the cost of an input will cause the supply curve to shift _ and result in an equilibrium price that is _. a. right, higher b. left, higher c. left, lower d. right, lower

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter3: Market Demand And Supply

Section: Chapter Questions

Problem 6SQ

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Question

An increase in the cost of an input will cause the supply curve to shift _______ and result in an equilibrium price that is _______.

a. right, higher

b. left, higher

c. left, lower

d. right, lower

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