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Business, 20.09.2019 22:20 lorelei7668

"falling oil prices have caused a sharp decrease in the supply of oil." speaking precisely, and using terms as they are defined by economists, choose the statement that best describes this quotation.
a the quotation is incorrect: a decrease in price always causes an increase in supply, not a decrease in supply.
b the quotation is correct: a decrease in price always causes a decrease in supply.
c the quotation is incorrect: a decrease in price causes an increase in quantity supplied, not a decrease in supply.
d the quotation is incorrect: a decrease in price causes a decrease in quantity supplied, not a decrease in supply.

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