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14 August, 06:08

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

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  1. 14 August, 08:36
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    Supply curve shift: Changes in production cost and related factors can cause an entire supply curve to shift right or left. This causes a higher or lower quantity to be supplied at a given price. The ceteris paribus assumption: Supply curves relate prices and quantities supplied assuming no other factors change.
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