Question: Need answers completed. PLEASE USE YOUR OW* WORDS TO ANSWER!!!! ASSESSMENT 1. Describe Why do rising input costs shift the supply curve to the left?

Need answers completed. PLEASE USE YOUR OW* WORDS TO ANSWER!!!!

ASSESSMENT 1. Describe Why do rising input costs shift the supply curve to the left? 2. Make Generalizations Why does adoption of new technology tend to increase supply? 3. Identify Central Ideas How do subsidies generally affect the supply curve? Why? 4. Predict Consequences What would be the impact on the supply curve of oil if a major oil-producing country banned all exports to the 995 United States? 5. Summarize What factors influence firms in their decision about where to locate operations? QUANTITY

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Rising input costs shift the supply curve to the left because higher input costs decrease the profitability and incentive for producers to supply goods or services at every price level When input cost... View full answer

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