QQuestionEconomics
QuestionEconomics
Which of the following will cause the supply curve to shift to the left?
A fall in input prices
Higher product taxes
Improved technology
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Answer
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Step 1I'll solve this economics problem step by step, focusing on supply curve shifts.
Step 2: Understanding Supply Curve Shifts
A supply curve shifts when factors other than the product's price change. These factors are called "non-price determinants of supply".
Final Answer
Key Economic Concept: Supply curve shifts occur when production conditions change, independent of the product's price.
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