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A change in resource prices can lead to a shift in the supply curve.
A change in a resource price will shift a supply curve. When the price of resources used in production changes, it directly impacts the cost of production, affecting the quantity that producers are willing to supply at each price level. For example, if the price of oil increases, the cost of manufacturing goods rises, leading to a leftward shift in the supply curve as producers supply less at every price level.
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