Q
A decrease (leftward shift) in the supply for a good will tend to cause ?
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A
A. An increase in the equilibrium price and quantity
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B
B. A decrease in the equilibrium price and an increase in the equilibrium quantity
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C
C. None of these answers
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D
D. A decrease in the equilibrium price and quantity.
Correct Answer:
A. A. An increase in the equilibrium price and quantity
