If the price of a good or service decreases and all nonprice factors are held constant, the quantity supplied will:

Question

Quizplus · Accepted Answer

When the price of a good or service decreases, the quantity supplied typically decreases as well, assuming all other factors (such as production costs and technology) remain constant. This is because suppliers are less willing to produce and sell a good or service at a lower price.

If the Price of a Good or Service Decreases and All