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A  leftward shift in the supply curve for a commodity indicates  

Economics
WAEC 2025

A  leftward shift in the supply curve for a commodity indicates

 

  • A. a reduction in quantity supplied
  • B. a decrease in supply
  • C. an increase in quantity supplied
  • D. an increase in supply
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Correct Answer: Option B
Explanation

A leftward shift in the supply curve for a commodity indicates a decrease in supply. This could be due to a number of factors such
as an increase in production costs, a decrease in technology, or a decrease in the number of suppliers. This shift means that at
every price level, the quantity supplied is less than before.


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