A. the demand curve will shift to the left while the 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 the supply curve remains unchanged
Correct Answer: Option B
B. supply curve will shift to the left
Explanation
if the cost of resources used to produce a good increase, sellers will be less inclined to supply the same quantity at a given price, and the supply curve will shift to the left.
