A Decrease in Supply Is Represented by a

question 93

Multiple Choice

A decrease in supply is represented by a

• A)movement downward and to the left along a supply curve.
• B)movement upward and to the right along a supply curve.
• C)rightward shift of a supply curve.
• D)leftward shift of a supply curve.

---

Definitions:

Risk-Averse

A description of an investor or decision-maker who prefers to avoid risks, favoring safer options over potentially higher but more uncertain returns.

Wealthy

Possessing a substantial amount of money, assets, or valuable resources, significantly above the societal average.

Private Information

Information that is not publicly available and is held privately by individuals or organizations, often leading to asymmetrical information in markets or negotiations.

Economic Inefficiency

A situation where resources are not allocated in the most beneficial manner, resulting in waste or a loss of potential gain.