A Leftward Shift of a Supply Curve Is Called A(n)

question 35

Multiple Choice

A leftward shift of a supply curve is called a(n) :

• A) decrease in demand.
• B) increase in supply.
• C) decrease in supply.
• D) increase in quantity supplied.
• E) decrease in quantity supplied.

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Definitions:

Commercial Transactions

Business activities or endeavors that involve the exchange of goods, services, or funds between two or more parties.

Implied-In-Fact Contract

A contract formed by the actions or conduct of the parties involved, rather than written or spoken words.

Express

Clearly and explicitly stated or communicated, leaving no room for doubt or ambiguity.

Acts of Parties

Actions or conduct by individuals that have legal significance or implications.