"According to the supply and demand model, all else equal, if the inputs used to produce a good become less costly, supply will increase, causing the price to rise, which causes the quantity demanded to fall." This statement is:

False

Explanation:

If the inputs used to produce a good become less costly, supply will increase. The increase in supply would lead to a rightward shift of the supply curve. Supply would exceed demand and equilibrium prices would fall and quantity demaned would increase as a result of the fall in price.

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