When quantity supplied decreases at every possible price,we know that the supply curve has
A)shifted to the left.
B)shifted to the right.
C)not shifted;rather,we have moved along the supply curve to a new point on the same curve.
D)not shifted;rather,the supply curve has become flatter.

Question

Quizplus · Accepted Answer

A decrease in quantity supplied at every possible price indicates that suppliers are less willing to produce and sell the good, likely due to increased costs of production or decreased profitability. This leads to a leftward shift in the supply curve, as less of the good is supplied at each price level.

When Quantity Supplied Decreases at Every Possible Price,we Know That