A decrease in the number of dry cleaners in an area is represented by a(n):

Question

Quizplus · Accepted Answer

A leftward shift in the dry cleaning supply curve represents a decrease in the number of dry cleaners in the area. This is because the supply curve shows the quantity of a good or service that producers are willing and able to sell at different prices, and a decrease in the number of producers in the market will result in a decrease in the quantity supplied at every price level.

A Decrease in the Number of Dry Cleaners in an Area