Figure 4.5
-Figure 4.5 illustrates the supply of guitars.A decrease in the supply of guitars is represented by a movement from

Question

Quizplus · Accepted Answer

A decrease in supply is shown by a leftward shift of the supply curve. In this case, the supply curve shifts from S₁ to S₂, reducing the quantity supplied at each price level. Therefore, the correct choice is D, as it represents the movement of the supply curve from S₁ to S₂.

Figure 4.5 -Figure 4.5 Illustrates the Supply of Guitars.A Decrease in the in the Supply