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When the Supply of Good a Decreases

Question 61

Multiple Choice

When the supply of good A decreases,


A) the equilibrium price and the equilibrium quantity will increase.
B) the equilibrium price will increase,but the equilibrium quantity will decrease.
C) the equilibrium price and the equilibrium quantity will decrease.
D) the equilibrium price will decrease,but the equilibrium quantity will increase.
E) a surplus will result.

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