Refer to the accompanying figure. A decrease in supply is represented by a shift from:
A)curve A to curve B.
B)curve B to curve A.
C)curve C to curve D.
D)curve D to curve C.

Name: Refer to the accompanying figure. A decrease in supply is represented by a shift from: A)curve A to curve B. B)curve B to curve A. C)curve C to curve D. D)curve D to curve C.
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Question

Refer to the accompanying figure. A decrease in supply is represented by a shift from: 
A)curve A to curve B. 
B)curve B to curve A. 
C)curve C to curve D. 
D)curve D to curve C.

Quizplus · Accepted Answer

Supply curves are upward sloping, and a decrease in supply is represented by a leftward shift in the supply curve.

Refer to the Accompanying Figure