Draw a supply curve, and assume it is the supply curve for processors. suppose the price of gold increases. gold is an input used in the production of processors. draw what happens to the supply curve for processors. use arrows and/or labels to clarify where necessary.

Explanation: When the price of gold an input used in the production of processors increases, it leads to a rise in the cost of producing processors. As a result of this, producers will cut down their production and decrease supply. The supply curve for processors will shift upward to the left from S1 to S2 leading to a rise in the price of processors from P1 to P2 and a fall in the quantity of processors being sold in the market from Q1 to Q2.