Question

A decrease in quantity supplied a. results in a movement downward and to the left along a fixed supply curve. b. shifts the supply curve to the right. c. results in a movement upward and to the right along a fixed supply curve. d. shifts the supply curve to the left.

Answer 1

Answer: Option A

Step-by-step explanation:

The supply of a product increases as the price and quantity increases and Otherwise when price and quantity decreases.

The supply curve is a simple curve that increases or decreases on the positive axis.

A decrease in quantity supplied results in a movement downward and to the left along a fixed supply curve.