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Along a Given Demand Curve, What Will a Decrease in Supply

Question 179

Multiple Choice

Along a given demand curve, what will a decrease in supply typically do to price and quantity?  


A)  Price will decrease, but quantity could increase or decrease. 
B)  Price will increase, and quantity will decrease 
C)  Price will decrease but quantity will not change. 
D)  Both price and quantity will decrease.

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