Two supply curves are illustrated in this graph.
Two supply curves

Which of the following movements would represent a decrease in the quantity suplied?

Choose 1 answer:
(A) $B$ to $D$
(B) $C$ to $A$
(C) $A$ to $B$
(D) $D$ to $A$
(E) $B$ to $A$
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Law of supply
$8: 24$
Law of supply

Change in supply versus change in quantity supplied

Question

Two supply curves are illustrated in this graph.
Two supply curves

Which of the following movements would represent a decrease in the quantity suplied?

Choose 1 answer:
(A) $B$ to $D$
(B) $C$ to $A$
(C) $A$ to $B$
(D) $D$ to $A$
(E) $B$ to $A$
Related content
Law of supply
$8: 24$
Law of supply

Change in supply versus change in quantity supplied

Accepted Answer

∻Solution∻ ‖ a ⋮ Definition of Quantity Supplied: Quantity supplied refers to the amount of a good that sellers are willing and able to sell at a specific price. ‖‖ b ⋮ Movement Along the Supply Curve: A decrease in quantity supplied is represented by a movement up along the supply curve, which occurs when the price decreases. ‖‖ c ⋮ Analysis of Graph: On the graph, moving from point B to point A represents a decrease in quantity supplied because it shows a movement up along the supply curve S1 as the price decreases from 4 to 2. ‖ ∻Answer∻ ⚹ E) B to A ⚹ ∻Key Concept∻ ⚹ Decrease in Quantity Supplied ⚹ ∻Explanation∻ ⚹ A decrease in quantity supplied is shown by a movement up along the supply curve, which occurs when the price decreases. In this case, moving from point B to point A on supply curve S1 represents such a decrease. ⚹◊What factors might cause a decrease in the quantity supplied along a supply curve in microeconomics?⍭ Generate me a similar question◊

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