What might cause a supply function to shift to the left today?
A)An increase in the product's own price.
B)An expectation that the product's price will fall in the future.
C)An expectation that the product's price will rise in the future.
D)A decrease in the price of one of the inputs to making the product.

Question

Quizplus · Accepted Answer

If producers expect the product's price to rise in the future, they might reduce supply now to sell more at the higher future price, causing the supply curve to shift left.

What Might Cause a Supply Function to Shift to the Left