The supply curve will shift to the left when a

Economics Dec 12, 2020

The supply curve will shift to the left when

a.the product becomes fashionable.

b.the supply of the product increases.

c.some producers leave the industry.

d. the demand for the product decreases.

Expert Solution

The supply curve would shift leftward when some of the producers leave the industry. It is because fewer firms will exist within the industry and, the current supply will depend upon the demand, which will lead to an equilibrium point. Thus, the firms leaving the industry will lead to a decline immediately in the supply, which will shift the supply curve towards left. (Correct answer: c)

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