Refer to the information provided in Figure 3.15 below to answer the following questions.
Figure 3.15
-Refer to Figure 3.15.A decrease in supply is represented by the movement from

Question

Refer to the information provided in Figure 3.15 below to answer the following questions.
  Figure 3.15
-Refer to Figure 3.15.A decrease in supply is represented by the movement from

Quizplus · Accepted Answer

A decrease in supply is represented by a leftward shift of the supply curve. This is shown in the movement from S₂ to S₁, as there is a decrease in the quantity supplied (from 12 to 11) at each given price level.

Refer to the Information Provided in Figure 3