if the price of the factors of production used to produce a good increases, how will this be represented on…

if the price of the factors of production used to produce a good increases, how will this be represented on the supply curve?\na movement upward and along the supply curve\nshifting the supply curve outward and to the right\na movement down and along the supply curve\nshifting the supply curve inward and to the left

if the price of the factors of production used to produce a good increases, how will this be represented on the supply curve?\na movement upward and along the supply curve\nshifting the supply curve outward and to the right\na movement down and along the supply curve\nshifting the supply curve inward and to the left

Answer

Brief Explanations:

When the price of production - factors increases, production costs rise. Producers are less willing or able to supply the good at each price level. This causes a left - ward shift of the supply curve, known as a decrease in supply. Movements along the supply curve are due to changes in the price of the good itself, not in production costs.

Answer:

shifting the supply curve inward and to the left