If the supply decreases, the result is _____ equilibrium price and _____ equilibrium quantity.
A) lower; lower
B) lower; higher
C) higher; lower
D) higher; higher
Correct Answer:
Verified
Q85: If the supply curve shifts to the
Q86: If the supply curve shifts to the
Q87: If the supply curve shifts to the
Q88: If the supply curve shifts to the
Q89: If the supply increases, the result is
Q91: (Figure: Double Shift) The market is currently
Q92: (Figure: Double Shift 0) The market is
Q93: (Figure: Double Shift A) The market is
Q94: (Figure: Double Shift I) The market is
Q95: (Figure: Double Shift) The market is currently
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