If the supply curve of cigarettes shifts to the left,quantity demanded for cigarettes
A) will decrease substantially.
B) will increase substantially.
C) will slightly increase.
D) will slightly decrease.

Question

Quizplus · Accepted Answer

When the supply curve of cigarettes shifts to the left, it means that the quantity supplied of cigarettes will decrease at every price level. This can be caused by factors such as a decrease in the number of cigarette manufacturers, an increase in the cost of producing cigarettes, or government regulations. As a result, the equilibrium price of cigarettes will increase, and the quantity demanded will decrease, although not necessarily substantially. Therefore, the best choice is D, which states that the quantity demanded will slightly decrease.

If the Supply Curve of Cigarettes Shifts to the Left,quantity