Which one of the following is the result of increase in the price of the factors of production?
A. Right ward shift of supply curve
B. Leftward shift of supply curve
C. Expansion of supply
D. Contraction of supply
Answer:B
Which one of the following is the result of increase in the price of the factors of production?
A. Right ward shift of supply curve B. Leftward shift of supply curve C. Expansion of supply D. Contraction of supply