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If the cost of production of Hula Hoops increases, what happens to the supply curve?

1 Answer

2 votes

Answer:

Left shift

Step-by-step explanation:

In simple words, If manufacturing costs rise, the distributor's expenses for each output threshold will rise as well. The supply curve must shift inwards that is to the left) if everything else remained constant, indicating the higher cost of manufacturing. At each quantity level, the provider will supply less.

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