If quantity supplied decreased by 10 units at each price, you would conclude that

Question

Quizplus · Accepted Answer

A decrease in the quantity supplied at each price indicates that suppliers are not willing or able to produce as much as before. This suggests that the supply curve has shifted to the left, indicating a decrease in supply. Therefore, the correct answer is D. It cannot be B because if demand decreased, both quantity supplied and price would have decreased as well. It cannot be A or C because they both suggest an increase in supply and demand, respectively, which is not supported by the given information.

If Quantity Supplied Decreased by 10 Units at Each Price