A decrease in the quantity supplied of a good is shown by

Name: A decrease in the quantity supplied of a good is shown by
Brand: Quizplus
Rating: 4.7 (41 reviews)

Question

Quizplus · Accepted Answer

A decrease in the quantity supplied is a movement along the supply curve, not a shift. When the quantity supplied decreases, it means that producers are willing to supply less of the good at each given price, resulting in a downward movement along the upward-sloping supply curve. Therefore, the correct answer is a movement down along the supply curve.

A Decrease in the Quantity Supplied of a Good Is