Question:

A decrease in supply means:?

by  |  earlier

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a shift to the left of the entire supply curve.

moving downward (to the left) along the supply curve with lower prices.

less will be demanded at every price.

more will be supplied at every price.

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3 ANSWERS


  1. a shift to the left of the entire supply curve.


  2. In order for less to be demanded at every price there'd first have to be a shift to the left of the entire supply curve.

  3. less will be demanded, right?  lower supply = higher prices, which drives down demand.

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