Answer :
The shift in the supply curve would result in increase in the cost of the goods and services that businesses sell.
What does supply mean to businesses?
The quantity of items a provider makes available to customers is referred to as supply. Prices and the consumption of goods and services are largely influenced by supply and demand. According to the law of supply, rising demand encourages suppliers to boost their output.
What makes the supply so crucial?
The link between supply and demand is important because it helps to manage the costs and availability of the goods and services in a given market. The interplay between supply and demand eventually balances out in accordance with the tenets of a market economy.
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