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Figure: Interpreting Supply Shifts 3
-(Figure: Interpreting Supply Shifts 3) When the supply shifts from S₀to S₁ (a leftward shift of the supply curve) ,the equilibrium quantity changes from:

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Figure: Interpreting Supply Shifts 3

-(Figure: Interpreting Supply Shifts 3) When the supply shifts from S₀to S₁ (a leftward shift of the supply curve) ,the equilibrium quantity changes from:

Quizplus · Accepted Answer

A leftward shift in the supply curve typically results in a decrease in the equilibrium quantity, which matches the change from 20 to 15.

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