What has happened when the quantity supplied decreases?A.Price has increased.B.Supply has increased.C.Supply has decreased.D.Price has decreased.
Question
What has happened when the quantity supplied decreases?A.Price has increased.B.Supply has increased.C.Supply has decreased.D.Price has decreased.
Solution
When the quantity supplied decreases, it typically means that the supply has decreased. So, the correct answer is C. Supply has decreased.
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