Any point on the supply curve corresponds to aAs prices decrease, the quantity of goods and services in tends to increase.The study of how society chooses to employ resources to produce goods and services and distribute them for consumption among various competing groups and individuals is __. Multiple choice question. capitalism economic philosophy economics socialism certain ______, which can be read on the horizontal axis, and ______, which can be read on the vertical axis. Multiple choice question. quantity; price allowed price; allowed quantity price; quantity supplied quantity; demanded price