Which of the following would most likely cause a decrease in the quantity supplied?

A decrease in competition
A decrease in price
An increase in competition
An increase in price

Respuesta :

I believe the answer is: A decrease in price

When the price of a product is decreased, the amount of profit that the suppliers could obtain would also be decreased. Because of this, the amount of supply for the product would most likely be reduced since the supplier would be trying to shift to another products that give higher rate of profit.