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If labor costs (a resource) increase: a

Economics

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If labor costs (a resource) increase:

a. the supply curve for that good will shift to the left.

b. the supply curve for that good will shift to the right.

c. the supply curve for that good will not shift either left or right.

d. a point-to-point movement up the same supply curve will occur.

e. a point-to-point movement down the same supply curve will occur.