Which of the following movements would represent a decrease in the quantity supplied?
Two supply curves

Choose 2 answers:

A $D$ to $A$

B $D$ to $B$
c. $B$ to $A$

D $A$ to $C$

Question

Which of the following movements would represent a decrease in the quantity supplied?
Two supply curves

Choose 2 answers:

A $D$ to $A$

B $D$ to $B$
c. $B$ to $A$

D $A$ to $C$

Accepted Answer

∻Solution∻ ‖ a ⋮ Definition of Quantity Supplied: Quantity supplied refers to the amount of a good that producers are willing and able to sell at a given price. ‖ ‖ b ⋮ Movement Along the Supply Curve: A movement along the supply curve occurs when there is a change in the quantity supplied due to a change in the price of the good. ‖ ‖ c ⋮ Decrease in Quantity Supplied: A decrease in the quantity supplied is represented by a movement down the supply curve, which occurs when the price of the good decreases. ‖ ‖ d ⋮ Analysis of Movements: - From $D$ to $A$: This movement is from a higher price ($P=6$) to a lower price ($P=6$), indicating a decrease in quantity supplied. - From $B$ to $A$: This movement is from a higher price ($P=4$) to a lower price ($P=6$), indicating a decrease in quantity supplied. - From $A$ to $C$: This movement is from a lower price ($P=6$) to a higher price ($P=8$), indicating an increase in quantity supplied. ‖ ∻Answer∻ ⚹ The correct answers are moving from point D to point A and moving from point B to point A. ⚹ ∻Key Concept∻ ⚹ Decrease in Quantity Supplied ⚹ ∻Explanation∻ ⚹ A decrease in the quantity supplied is represented by a movement down the supply curve, which occurs when the price of the good decreases. The movements from point D to point A and from point B to point A both represent such a decrease. ⚹◊How does a decrease in the quantity supplied affect the equilibrium price and quantity in a market according to the law of supply in Microeconomics?⍭ Generate me a similar question◊

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