A shift inward of the production possibilities curve signifies that ___________.(1 point)

Question

Responses

the demand for the products has increased, so the supply will increase
the demand for the products has increased, so the supply will increase

the available production resources have decreased, so potential production levels will decrease
the available production resources have decreased, so potential production levels will decrease

the demand for the products has decreased, so the supply will decrease
the demand for the products has decreased, so the supply will decrease

the available resources have increased, so potential production levels will increase

Answer 1

A shift inward of the production possibilities curve signifies that the available production resources have decreased, so potential production levels will decrease.