Multiple Choice
The product is a normal product.
-What is the effect of a decrease in the supply of a product?
A) It will cause an increase in both the price and in the quantity traded.
B) It will cause an increase in the price but a decrease in the quantity traded.
C) It will cause a decrease in both the price and in the quantity traded.
D) It will cause a decrease in the price but an increase in the quantity traded.
Correct Answer:
Verified
Correct Answer:
Verified
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