A decrease (leftward shift) in the supply for a good will tend to cause
A) an increase in the equilibrium price and quantity.
B) a decrease in the equilibrium price and an increase in the equilibrium quantity.
C) a shift in the demand curve to the left
D) a decrease in the equilibrium price and quantity.
E) an increase in the equilibrium price and a decrease in the equilibrium quantity.
Correct Answer:
Verified
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