Share This Article:

Economic Definition of supply decrease. Defined.

Offline Version: PDF

Term supply decrease Definition: A decrease in the willingness and ability of sellers to sell a good at the existing price, illustrated by a leftward shift of the supply curve. A decrease in supply results in a decrease in equilibrium quantity and an increase in equilibrium price.


« supply curve | supply determinant »


Alphabetical Reference to Over 2,000 Economic Terms