Question

The price of Benzethonium, an active ingredient in hand soap, decreases. How does this decrease in input cost affect the supply of hand soap

Answer 1

d. It shifts the supply curve to the left.

Step-by-step explanation:

When there is any change in the price of the good or service keeping other things constant so it would lead in the movement along with the supply curve. If there is any change in the input cost so it affect the production cost that would shift the supply and on the other hand when the cost is reduced so the shift should be in outward direction and vice versa