# Which of the following would best explain a decrease in the supply of squash group of answer choices?

## Which of the following would best explain a decrease in the supply of squash group of answer choices?

Which of the following would best explain a decrease in the supply of squash? When quantity supplied is greater than quantity demanded, prices tend to: fall

## What happens in a decrease in supply?

It’s a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. If there is a decrease in supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services

## What decreases the supply of a good?

The supply a good decreases if the price of one of its complements in production falls. Resource and input prices influence the cost of production. And the more it costs to produce a good, the smaller is the quantity supplied of that good.

## What happens when the supply increases decreases?

Supply Increase: price decreases, quantity increases. Supply Decrease: price increases, quantity decreases.

## What happens when the supply of something decreases?

If there is a decrease in supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services. The same inverse relationship holds for the demand for goods and services.

## Which factor would cause a decrease in the supply of a good?

A decrease in supply means that producers plan to sell less of the good at each possible price. 2. Other factors affecting supply include technology, the prices of inputs, and the prices of alternative goods that could be produced.

## What does a decrease in supply result in quizlet?

A decrease in supply will shift the supply curve to the left, resulting in a higher equilibrium price and a lower equilibrium quantity. a situation in which the quantity demanded is greater than the quantity supplied. This occurs when the price in the market is below the equilibrium price.

## When there is a decrease in demand and a decrease in supply?

Decrease in demand lowers the price Decrease in supply raises the price. Figure 4.14(a) shows the effects of an increase in demand and a decrease in supply. An increase in demand shifts the demand curve rightward, and a decrease in supply shifts the supply curve leftward.

## What does a decrease in supply mean?

A decrease in supply is depicted as a leftward shift of the supply curve. A decrease in supply means that producers plan to sell less of the good at each possible price. 2. Other factors affecting supply include technology, the prices of inputs, and the prices of alternative goods that could be produced.