Sellers who were originally willing to supply 800 units of a good at $4 per unit are now willing to supply 600 units at $4 per unit. That change would be described as:

Question

Quizplus · Accepted Answer

This scenario describes a decrease in supply, as sellers are now willing to supply fewer units (600 instead of 800) at the same price, indicating a leftward shift in the supply curve.

Sellers Who Were Originally Willing to Supply 800 Units of a Good