If the price of floor rises then bread - WAEC Economics 2015 Question
If the price of floor rises, then bread
A
demand curve will shift to the left while supply curve will shift to the right
B
supply curve will shift to the left
C
supply curve will shift to the right
D
demand curve will shift to the right while supply curve remains unchanged
correct option: b
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.
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