Solved

When Economists Say the Supply of a Product Has Decreased

Question 1

Multiple Choice

When economists say the supply of a product has decreased, they mean that


A) the supply curve has shifted to the left.
B) the product price has decreased, and as a consequence, suppliers are producing less of the product.
C) producers are now willing to sell more of this product at each possible price.
D) the supply curve has shifted to the right.

Correct Answer:

verifed

Verified

Related Questions