Respuesta :
The supply curve has shifted to the left, which is what economists mean when they say a product's supply has declined. When economists state that a product's quantity demand has increased, they are referring to the fact that the product's price has decreased and as a result, more consumers are purchasing it.
In economics, the supply curve is a graphic depiction of the relationship between the price of a good and the amount of it that a seller is willing and able to supply. The graph's horizontal axis represents supply quantity and the vertical axis represents product pricing. Which of these sums up a supply curve the best? b. It always ascends in a left to right direction. The link between the quantity of goods produced and the price is typically depicted by a supply curve.
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