If in the market for apples the supply has decreased,then
A)the supply curve for apples has shifted to the right.
B)there has been a movement upwards along the supply curve for apples.
C)the supply curve for apples has shifted to the left.
D)there has been a movement downwards along the supply curve for apples.

Question

Quizplus · Accepted Answer

When the supply has decreased, it means that there is less quantity of apples available at each possible price. This would result in a leftward shift of the supply curve for apples. Therefore, the correct choice is C.

If in the Market for Apples the Supply Has Decreased,then