When Economists Say the Quantity Supplied of a Product Has

question 173

Multiple Choice

When economists say the quantity supplied of a product has decreased, they mean the

• A) supply curve has shifted to the left.
• B) supply curve has shifted to the right.
• C) price of the product has risen, and consequently, suppliers are producing more of it.
• D) price of the product has fallen, and consequently, suppliers are producing less of it.

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