WAEC - Economics (2015 - No. 7)
If the price of floor rises, then bread
demand curve will shift to the left while supply curve will shift to the right
supply curve will shift to the left
supply curve will shift to the right
demand curve will shift to the right while supply curve remains unchanged
Vysvětlení
if the cost of resources used to produce a good increases, sellers will be less inclined to supply the same quantity at a given price, and the supply curve will shift to the left.