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O the supply curve shifts to the right O the supply curve shifts to the left there is a movement down along an ex there is 201 mont along an existi

O the supply curve shifts to the right O the supply curve shifts to the left there is a movement down along an ex there is 201 mont along an existi

Principles Of Marketing
Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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When input costs increase O the supply curve shifts to the right the supply curve shifts to the left O there is a movement down along an existing supply curve there is a movement up along an existing supply curve
Transcribed Image Text:When input costs increase O the supply curve shifts to the right the supply curve shifts to the left O there is a movement down along an existing supply curve there is a movement up along an existing supply curve
Expert Solution
Step 1: When the input cost increases


 When the input cost increases the overall cost of the product will increase and now the supplier has to pay more amount for the same quantity of goods. 

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