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The graph above shows:


Question

The graph above shows:

Options

A)
a decrease in quantity supplied
B)
an increase in supply
C)
a decrease in supply
D)
an increase in quantity

The correct answer is C.

Explanation:

There is a decrease in the quantity supplied if the quantity of the commodity supplied decrease as a result of a decrease in price.

From the graph, a decrease in the price of the commodity from P1 to P2 brought about a corresponding decrease in the quantity supplied from 100 to 50 units.


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  • increase in quantity supplied

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  • There is a decrease in the quantity supplied if the quantity of the commodity supplied decrease as a result of a decrease in price.

    From the graph, a decrease in the price of the commodity from P1 to P2 brought about a corresponding decrease in the quantity supplied from 100 to 50 units.

    Reply
    Like