The supply curve of a given commodity is given to be `S_(0)`. On the b – InterviewSolution

1.	The supply curve of a given commodity is given to be `S_(0)`. On the basis of this diagram, answer the following questions: Movement form `S_(0)` to `S_(1)` is termed as :A. Constractin in SupplyB. Expansion is SupplyC. Decrease is supplyD. Increase in supply
Answer» Correct Answer - C So to S1 shws a leftward shift in the supply curve and that must have happened due to the decrease in supply.

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