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An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labor to produce its total output of 640 units. Each unit of capital costs $10; each unit of raw materials, $4; and each unit of labor, $3. If the per-unit price of raw materials rises from $4 to $8 and all else remains constant, the aggregate.

Respuesta :

If the per-unit price of raw materials rises from $4 to $8 and all else remains constant, the aggregate supply curve would shift to the left.

What Is a Supply Curve?

The supply curve is a visual depiction of the relationship between the price of an item or service and the amount delivered over period. A common depiction will have the price on the left vertical axis and the equilibrium quantity on the horizontal axis.

What causes a change in the supply curve?

Shift in the supply curve: Variations in manufacturing costs and other variables can cause a whole supply curve to move to the right or left. The quantity offered at a particular price can be higher or lower as a result. Supply curves connect prices and quantities provided under the ceteris paribus premise, which holds that no other variables vary.

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