A decrease in quantity supplied
A)results in a movement downward and to the left along a fixed supply curve.
B)results in a movement upward and to the right along a fixed supply curve.
C)shifts the supply curve to the left.
D)shifts the supply curve to the right.

Question

Quizplus · Accepted Answer

A decrease in quantity supplied means that producers are willing to supply less of a product at a given price. This results in a movement downward and to the left along a fixed supply curve, as the quantity supplied is decreasing but the price remains the same.

A Decrease in Quantity Supplied