Economics
WAEC 2021
The leftward shift in the supply curve for a commodity indicates_________
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A.
An increase in quantity supplied
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B.
A decrease in supply.
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C.
A reduction in quantity supplied.
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D.
An increase in supply.
Correct Answer: Option B
Explanation
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.
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