If the price of an input increases: Please choose the correct answer from the following choices, and then select the submit answer button. Answer…

If the price of an input increases:

Please choose the correct answer from the following choices, and then select the submit answer button.

Answer choices:

A. the quantity supplied of the good it is used to produce decreases and the equilibrium price of the good increases.

B. supply of the good it is used to produce increases and the equilibrium price of the good decreases.

C. the quantity supplied of the good it is used to produce increases and the equilibrium price of the good decreases.

D. supply of the good it is used to produce decreases and the equilibrium price of the good increases.

Need your ASSIGNMENT done? Use our paper writing service to score good grades and meet your deadlines.


Order a Similar Paper Order a Different Paper