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We Observe a Rise in the Price of Serivce a and a Decrease

Question 125

Multiple Choice

We observe a rise in the price of serivce A and a decrease in the quantity of serivce A bought and sold. Which is a likely explanation?


A) The law of supply is violated.
B) The demand for A decreased.
C) The demand for A increased.
D) The supply of A increased.
E) The supply of A decreased.

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