Question

When the supply curve shifts to the left, it represents a(n) increase in supply. decrease in...

When the supply curve shifts to the left, it represents a(n)

increase in supply.

decrease in supply.

decrease in quantity supplied.

increase in quantity supplied.

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Answer #1

The supply curve is a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. The supply curve will move upward from left to right, which expresses the law of supply: As the price of a given commodity increases, the quantity supplied increases (all else being equal).

So if the when the supply curve shifts to the left, it represents decrease in quantity supplied.

Hence(C) part is a correct answer

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