n8st6kzt85 n8st6kzt85
  • 08-07-2021
  • Business
contestada

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

Respuesta :

Nyctalus
Nyctalus Nyctalus
  • 15-07-2021

Answer:

Left shift

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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