Over a period of time, the equilibrium price of a good increases and the quantity decreases. All of the following could account for this situation, except:
A) An increase in the costs of production
B) The removal of a subsidy on the good or service
C) The imposition of a sales tax on the good or service
D) A decrease in the price of an alternative good or service that producers could also produce
Correct Answer:
Verified
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