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A Change in the Price of Important Inputs Will Change

question 153

True/False

A change in the price of important inputs will change the quantity supplied but will not shift the supply curve.


Definitions:

Adequate

Adequate describes a condition or quality of being sufficient, acceptable, or satisfactory for a specific requirement or purpose.

Explanandum

The phenomenon or event that is to be explained in a scientific inquiry.

Uninformative

Providing no useful or relevant information.

Implausible

Not seeming reasonable or probable; failing to convince.

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