Chapter 4 - Market forces Supply and Demand Flashcards

Chapter 4 - Market forces Supply and Demand

0 / 8

Question

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

Answer

an increase in the eq'm price and a decrease in the eq'm quantity

Know itStill learning

Card 1 of 8

Chapter 4 - Market forces Supply and Demand

0 / 8

Question

Answer

an increase in the eq'm price and a decrease in the eq'm quantity

Know itStill learning

Card 1 of 8