WAEC - Economics (2021 - No. 12)
The leftward shift in the supply curve for a commodity indicates_________
An increase in quantity supplied
A decrease in supply.
A reduction in quantity supplied.
An increase in supply.
Magyarázat
A leftward or an inward shift in the supply curve means a decrease in supply. When the supply curve shifts to the left, it causes prices to rise and the quantity to decrease.