A decrease in the price of pork will result in
A)a smaller quantity of pork supplied.
B)a larger quantity of pork supplied.
C)a decrease in the demand for pork.
D)an increase in the supply of pork.

Question

Quizplus · Accepted Answer

A decrease in the price of pork will lead to producers supplying a smaller quantity of pork because they might find it less profitable to produce the same amount at a lower price. This is a movement along the supply curve, not a shift of the supply curve itself.

A Decrease in the Price of Pork Will Result in