A Decrease in Supply Is Represented by

question 88

Multiple Choice

A decrease in supply is represented by

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

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Definitions:

Left Shift

In programming, the operation of moving bits to the left in a binary number, effectively multiplying the number by a factor of two for each shift.

Quantity Demanded

The total amount of a product or service that consumers are willing and able to purchase at a given price.

Substitute Good

A product or service that consumers can use in place of another product or service, fulfilling a similar need or want.

Complementary

Referring to goods or services that enhance or add value to each other when used or consumed together.