Which factor would cause a DECREASE in the supply of a good?
A)a decrease in input prices
B)an increase in the number of sellers in the market
C)suppliers' expectations of higher prices in the future
D)an advancement in the technology for producing the good

Question

Quizplus · Accepted Answer

Suppliers' expectations of higher prices in the future might lead them to hold back supply now in anticipation of higher profits later, thus decreasing current supply.

Which Factor Would Cause a DECREASE in the Supply of a Good