Question #48227

A decrease (leftward shift) in the supply for a good will tend to cause ?

A) an increase in the equilibrium price and quantity

B) a decrease in the equilibrium price and an increase in the equilibrium quantity

C) none of these answers

D) a decrease in the equilibrium price and quantity.

E) E. an increase in the equilibrium price and a decrease in the equilibrium quantity

Answer: A decrease (leftward shift) in the supply for a good will tend to cause an increase in the equilibrium price and quantity.

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