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What does a leftward shift of a supply curve indicate? Decrease in demand A decrease in supply An increase in supply An increase in demand

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What does a leftward shift of a supply curve indicate?
Decrease in demand
A decrease in supply
An increase in supply
An increase in demand

What does a leftward shift of a supply curve indicate? Decrease in demand A decrease in supply An increase in supply An increase in demand

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UlyssesMaster · Tutor for 5 years

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A decrease in supply

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## Step 1:<br />First, we need to understand what a leftward shift of a supply curve represents in economic terms. In the context of supply and demand, a leftward shift of the supply curve indicates that the quantity of a good that producers are willing and able to sell at each price has decreased. <br /><br />## Step 2:<br />Next, we evaluate each of the given options in the context of this shift.<br /><br />- Decrease in demand: This would cause a leftward shift of the demand curve, not the supply curve. So, this option is incorrect.<br /><br />- A decrease in supply: This is the correct interpretation of a leftward shift of the supply curve. <br /><br />- An increase in supply: This would cause a rightward shift of the supply curve, not a leftward shift. So, this option is incorrect.<br /><br />- An increase in demand: This would cause a rightward shift of the demand curve, not a shift of the supply curve. So, this option is incorrect.
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