A decrease in the quantity supplied is shown by a
A)movement down along the supply curve.
B)movement up along the supply curve.
C)rightward shift of the supply curve.
D)leftward shift of the supply curve.
E)rightward shift of the demand curve.

Question

Quizplus · Accepted Answer

A decrease in the quantity supplied refers to a movement along the supply curve, as it represents a change in the quantity of the good supplied at a specific price point. A decrease in the quantity supplied occurs when the price of the good decreases, leading suppliers to supply less of the good. This is represented by a movement down along the supply curve.

A Decrease in the Quantity Supplied Is Shown by a