-In the figure above, a decrease in the quantity of oil supplied but NOT a decrease in the supply of oil is shown by a movement from

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Quizplus · Accepted Answer

A decrease in the quantity of oil supplied, without a decrease in the supply of oil itself, is represented by a movement along the supply curve, not a shift of the curve. Moving from point a to point c on the same curve illustrates this decrease in quantity supplied without changing the supply curve position.

-In the Figure Above, a Decrease in the Quantity of Oil