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An increase in the price of ink will shift the supply curve for pens to the left. a. true b. false

An increase in the price of ink will shift the supply curve for pens to the left. a. true b. false
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5 votes
An increase in the price of ink will shift the supply curve for pens to the left.

a. true
b. false

User Mononym
by
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1 Answer

3 votes
True.

The increase in the price of ink will increase the cost of production for pen makers, and as a result, they will produce less to lessen costs.
User Jmbmage
by
8.5k points
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