Answer to Question #89029 in Microeconomics for katlego

Question #89029
discuss a factor that could lead to an inward shift of the curve drawn
1
Expert's answer
2019-05-03T08:36:55-0400

The inward shift of the production possibility frontier shows a decrease in earnings on both positions. The reasons for that decrease are: increase in labor supply, fall in total productivity of labour, economic decline. 



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