When economists say the quantity supplied of a product has decreased, they mean the
A) supply curve has shifted to the left.
B) supply curve has shifted to the right.
C) price of the product has risen, and consequently, suppliers are producing more of it.
D) price of the product has fallen, and consequently, suppliers are producing less of it.

Question

Quizplus · Accepted Answer

A decrease in quantity supplied refers to a movement along the supply curve due to a fall in the product's price, leading suppliers to produce less.

When Economists Say the Quantity Supplied of a Product Has